Roadzen Inc. Signs Material Definitive Agreement
Ticker: RDZNW · Form: 8-K · Filed: Sep 27, 2024 · CIK: 1868640
| Field | Detail |
|---|---|
| Company | Roadzen Inc. (RDZNW) |
| Form Type | 8-K |
| Filed Date | Sep 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $12.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, definitive-agreement
TL;DR
Roadzen signed a big deal, details TBD.
AI Summary
Roadzen Inc. announced on September 24, 2024, that it entered into a material definitive agreement. The filing does not disclose specific details of the agreement, such as the counterparty or financial terms, but it is classified under 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'.
Why It Matters
This filing indicates a significant new agreement for Roadzen Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.
Key Players & Entities
- Roadzen Inc. (company) — Registrant
- September 24, 2024 (date) — Date of earliest event reported
- Vahanna Tech Edge Acquisition I Corp. (company) — Former company name
- 001-41094 (company) — SEC File Number
FAQ
What is the nature of the material definitive agreement entered into by Roadzen Inc.?
The filing does not specify the details of the material definitive agreement, only that one was entered into on September 24, 2024.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the other party involved in the material definitive agreement.
Are there any financial terms associated with this agreement disclosed in the filing?
No specific financial terms or dollar amounts related to the material definitive agreement are provided in this 8-K filing.
What is the significance of the 'Financial Statements and Exhibits' item information?
This indicates that financial statements or exhibits related to the material definitive agreement may be included or will be filed subsequently.
When was Roadzen Inc. formerly known as?
Roadzen Inc. was formerly known as Vahanna Tech Edge Acquisition I Corp., with a name change date of June 21, 2021.
Filing Stats: 696 words · 3 min read · ~2 pages · Grade level 13.1 · Accepted 2024-09-27 16:05:09
Key Financial Figures
- $0.0001 — registered Ordinary Shares, par value $0.0001 per share RDZN The Nasdaq Stock Mar
- $11.50 — ary share, each at an exercise price of $11.50 per share RDZNW The Nasdaq Stock Ma
- $12.00 — any's ordinary shares equals or exceeds $12.00 (as adjusted for share recapitalization
Filing Documents
- rdzn-20240924.htm (8-K) — 45KB
- rdzn-ex10_1.htm (EX-10.1) — 22KB
- 0000950170-24-109992.txt ( ) — 216KB
- rdzn-20240924.xsd (EX-101.SCH) — 46KB
- rdzn-20240924_htm.xml (XML) — 7KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Effective as of September 24, 2024, Roadzen Inc. (the "Company") entered into separate letter agreements (the "Lock-Up Amendments") with two of its significant shareholders, Avacara PTE, Ltd. ("Avacara") and Vahanna LLC ("Vahanna"), pursuant to which each such shareholder agreed to amend the lock-up agreement previously entered into between such shareholder and the Company, as described in the Current Report on Form 8-K filed by the Company on September 27, 2023 (such prior agreements, together with the lock-up agreements entered into with other shareholders of the Company and described in such Form 8-K, the "Lock-Up Agreements"). Pursuant to the terms of the Lock-Up Amendments, Avacara and Vahanna agreed to extend the term of the restrictions on transfer contained in the Lock-Up Agreements by an additional year, from September 20, 2024 to September 20, 2025 (or such earlier date that the closing price of the Company's ordinary shares equals or exceeds $12.00 (as adjusted for share recapitalizations, subdivisions, reorganizations, recapitalizations and the like), for 20 trading days within 30 trading day period. Avacara is controlled by Rohan Malhotra, the Company's Chief Executive Officer and a member of the Company's board of directors. The Company has been advised by a number of its other shareholders who are party to Lock-Up Agreements that they agree to the terms of the Lock-Up Amendments, and the Company expects to enter into letter agreements that are substantially similar to the Lock-Up Amendments with these other shareholders. The foregoing description of the Lock-Up Amendments does not purport to be complete and is qualified in its entirety by reference to the full text of the Lock-Up Amendments, the form of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibits 10.1 Form of Lock-Up Amendment . 104 Cover page interactive data file (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ROADZEN INC. Date: September 27, 2024 By: /s/ Jean-Nol Gallardo Jean-Nol Gallardo Chief Financial Officer