Roadzen (RDZN) Closes 2.3M Share Offering

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Go back to Roadzen (RDZN) Closes 2.3M Share Offering

Roadzen Inc. Announces Closing of Public Offering

December 17, 2024 4:30 PM EST

NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), (Roadzen or the Company), a global leader in AI at the convergence of insurance and mobility, today announced the closing of its previously announced underwritten public offering of 2,300,000 ordinary shares (or pre-funded warrants (("Pre-funded Warrants")) in lieu thereof), including 300,000 shares sold upon full exercise of the underwriters option to purchase additional shares (the Offering) at a public offering price of $1.25 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $2,875,000, before deducting underwriting discounts, commissions and Offering expenses. All of... More