Roadzen prices $8 million registered direct offering at $1.70 per share

Roadzen Inc. (NASDAQ: RDZN) entered into a securities purchase agreement with institutional investors for a registered direct offering of 4,705,870 ordinary shares at $1.70 per share, the company announced.

The offering is expected to generate gross proceeds of approximately $8 million before deducting placement agent fees and other offering expenses. The transaction is scheduled to close on or about May 5, 2026, subject to customary closing conditions.

Maxim Group LLC is serving as the sole placement agent for the offering. The securities are being offered under a shelf registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on November 12, 2024.

Roadzen describes itself as a provider of artificial intelligence technology for the insurance and mobility sectors. The company develops technology for insurers, automakers, and fleets to predict and prevent risk, automate claims processing, and deliver insurance experiences.

The company operates from headquarters in Burlingame, California, with offices in the United States, United Kingdom, and India. Roadzen employs more than 300 people across these locations.

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