Entry into a Material Definitive Agreement · Other Events
Item 1.01 Entry into a Material Definitive Agreement. On May 4, 2026, Roadzen Inc. (the “Company”) entered into a placement agency agreement (the “Agency Agreement”) with Maxim Group LLC (the “Placement Agent”) and a securities purchase agreement (the “Purchase Agreement”) with purchasers for the purchase and sale, in a best efforts offering (the “Offering”), of 4,705,870 of the Company’s ordinary…
Filed May 5, 2026Accepted May 5, 2026, 5:28 PM EDTCIK 1868640Accession 0001493152-26-021341
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item
1.01 Entry into a Material Definitive Agreement.
On
May 4, 2026, Roadzen Inc. (the “Company”) entered into a placement agency agreement (the “Agency Agreement”)
with Maxim Group LLC (the “Placement Agent”) and a securities purchase agreement (the “Purchase Agreement”) with
purchasers for the purchase and sale, in a best efforts offering (the “Offering”), of 4,705,870 of the Company’s ordinary
shares, par value $0.0001 per share (“Ordinary Shares”), at an offering price of $1.70 per Share.
The
Offering closed on May 5, 2026. The Company received gross proceeds of $7,999,979 in connection with the Offering, before deducting Placement
Agent fees and other Offering expenses payable by the Company. The Company intends to use the net proceeds from the Offering for working
capital and general corporate purposes. The Company may also use a portion of the net proceeds to repay indebtedness outstanding.
The
4,705,870 Ordinary Shares sold in the Offering were offered and sold pursuant to the Company’s registration statement on Form S-3
(File No. 333-282966), previously filed with the Securities and Exchange Commission (the “SEC”) on November 1, 2024 and declared
effective on November 12, 2024, including the base prospectus contained therein and a prospectus supplement dated May 4, 2026.
As
part of its compensation for acting as Placement Agent for the Offering, the Company paid the Placement Agent a cash fee of 6.0% of the
aggregate gross proceeds and $30,000 as reimbursement of the Placement Agent’s accountable expenses.
The
Agency Agreement and the Purchase Agreement contain customary representations, warranties and covenants made by the Company. They also
provide for customary indemnification by the Company for losses or damages arising out of or in connection with the Offering, among other
things. In addition, pursuant to the terms of the Agency Agreement, the Company has agreed for a period of 20-days from May 5, 2026,
subject to certain exceptions, not to (i) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any
Ordinary Shares or Ordinary Share equivalents, other than certain exempted issuance, or (ii) file any registration statement or any amendment
or supplement thereto, other than the prospectus supplement in connection with the Offering or a registration statement on Form S-8 in
connection with any employee benefit plan.
The
foregoing descriptions of the Agency Agreement and the Purchase Agreement do not purport to be complete and are qualified in their entirety
by reference to the copies of the Agency Agreement and the Purchase Agreement, which are filed herewith as Exhibits 10.1 and 10.2, respectively.
The
representations, warranties and covenants contained in the Agency Agreement and the Purchase Agreement were made only for purposes of
such agreement and as of specific dates, were solely for the benefit of the parties to the applicable agreement and may be subject to
limitations agreed upon by the contracting parties. Accordingly, each of the Agency Agreement and the Purchase Agreement is incorporated
herein by reference only to provide investors with information regarding the terms of such agreement, and not to provide investors with
any other factual information regarding the Company or its business, and should be read in conjunction with the disclosures in the Company’s
periodic reports and other filings with the SEC.
The
legal opinion, including the related consent, of Maples & Calder relating to the issuance and sale of the Ordinary Shares issued
in the Offering is filed as Exhibit 5.1 hereto.
Item 8.01Item 8.01 - Other Events
Item
8.01 Other Events.
On
May 4, 2026, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is attached as Exhibit
99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Filed exhibits (1)
EX-99.1 (by filename) ex99-1.htm
EX-99.1
5
ex99-1.htm
EX-99.1
Exhibit
99.1
Roadzen
Announces Pricing of $8.0 Million Registered Direct Offering of Ordinary Shares
NEW
YORK, May 4, 2026 (GLOBE NEWSWIRE) - Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global
leader in AI at the convergence of insurance and mobility, today announced that it has entered into a securities purchase agreement with
institutional investors for the purchase and sale of 4,705,870 ordinary shares at an offering price of $1.70 per share, in a registered
direct offering (the “Offering”).
The
gross proceeds to the Company from the Offering are estimated to be approximately $8.0 million before deducting the placement agent’s
fees and other estimated offering expenses. The offering is expected to close on or about May 5, 2026, subject to the satisfaction of
customary closing conditions.
Maxim
Group LLC is acting as the sole placement agent in connection with the Offering.
The
securities are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-282966), which was declared effective
by the U.S. Securities and Exchange Commission (the “SEC”) on November 12, 2024. The offering will be made only by me…