Roadzen Inc. announces a $2.25 million securities offering of 1,730,769 shares at $1.30 each, closing July 29, 2025.
Quiver AI Summary
Roadzen Inc., a leader in AI for insurance and mobility, announced a registered direct offering for the sale of 1,730,769 ordinary shares at $1.30 per share, aiming to raise approximately $2.25 million before expenses. The offering is set to close around July 29, 2025, pending customary conditions, with Maxim Group LLC serving as the sole placement agent. The shares will be offered under an effective registration statement with the SEC. Roadzen, headquartered in California and recognized for its innovative AI applications, focuses on enhancing auto insurance through advanced technology, improving client services across various sectors, and aims for a future of quicker claims processes and safer roads.
Potential Positives
- Roadzen Inc. successfully entered into a securities purchase agreement that will raise approximately $2.25 million in gross proceeds, providing a boost to its financial resources.
- The investment from an institutional investor reflects confidence in Roadzen's business model and growth potential in the AI insurance and mobility sector.
- The offering is being executed under an effective shelf registration statement, ensuring compliance with SEC regulations and streamlining the process for capital raising.
Potential Negatives
- The offering price of $1.30 per share is significantly lower than the typical market price, which may indicate reduced investor confidence or challenges in the company’s financial position.
- The company is raising only approximately $2.25 million, which may not be sufficient to address its financial needs or business expansion plans, potentially signaling a cash flow issue.
- Entering into a securities purchase agreement may dilute existing shareholders’ equity, potentially affecting stock performance negatively in the short term.
FAQ
What is the offering price per share for Roadzen's recent securities purchase agreement?
The offering price per share is $1.30.
How many shares is Roadzen selling in the securities offering?
Roadzen is selling 1,730,769 ordinary shares in the offering.
What are the estimated gross proceeds from Roadzen's offering?
The estimated gross proceeds are approximately $2.25 million.
When is the offering expected to close?
The offering is expected to close on or about July 29, 2025.
Who is the placement agent for this securities offering?
Maxim Group LLC is acting as the sole placement agent for the offering.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RDZN Insider Trading Activity
$RDZN insiders have traded $RDZN stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $RDZN stock by insiders over the last 6 months:
- ROHAN MALHOTRA (See Remarks) has made 4 purchases buying 26,995 shares for an estimated $29,674 and 0 sales.
- SUPURNA VEDBRAT purchased 6,000 shares for an estimated $6,180
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RDZN Hedge Fund Activity
We have seen 25 institutional investors add shares of $RDZN stock to their portfolio, and 16 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- METEORA CAPITAL, LLC removed 823,939 shares (-39.4%) from their portfolio in Q1 2025, for an estimated $856,896
- CUTTER & CO BROKERAGE, INC. added 276,200 shares (+inf%) to their portfolio in Q1 2025, for an estimated $287,248
- MARINER, LLC added 92,535 shares (+268.0%) to their portfolio in Q1 2025, for an estimated $96,236
- BLACKROCK, INC. added 84,904 shares (+4.7%) to their portfolio in Q1 2025, for an estimated $88,300
- JPMORGAN CHASE & CO removed 56,814 shares (-41.1%) from their portfolio in Q1 2025, for an estimated $59,086
- GEODE CAPITAL MANAGEMENT, LLC added 54,376 shares (+11.2%) to their portfolio in Q1 2025, for an estimated $56,551
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 34,009 shares (+212.5%) to their portfolio in Q1 2025, for an estimated $35,369
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, July 28, 2025 (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 an institutional investor for the purchase and sale of 1,730,769 ordinary shares at an offering price of $1.30 per share, in a registered direct offering (the “Offering”).
The gross proceeds to the Company from the Offering are estimated to be approximately $2.25 million before deducting the placement agent’s fees and other estimated offering expenses. The offering is expected to close on or about July 29, 2025, 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 means of a prospectus supplement and the accompanying prospectus that form a part of such registration statement. A prospectus supplement relating to the Offering will be filed by the Company with the SEC. When available, copies of the prospectus supplement and accompanying prospectus can be obtained at the SEC's website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, via email at [email protected], or telephone at (212) 895-3500.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Roadzen Inc.
Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world’s leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen’s mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 308 employees across its global offices in the U.S., U.K. and India. To learn more, please visit www.roadzen.ai .
Cautionary Statement Regarding Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding our anticipated future financial results (including ability to achieve breakeven Adjusted EBITDA), the anticipated closing of our registered direct offering, the anticipated benefits of our products and solutions, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the annual report on Form 10-K we filed with the SEC on June 26, 2025. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contact:
[email protected]
Media Contact:
Sanya Soni – [email protected] | [email protected]