RDZN · Roadzen, Inc.

Roadzen Inc. completed a registered direct offering of 4,705,870 ordinary shares at $1.70 per share, raising $7,999,979 in gross proceeds. The offering was conducted under an effective shelf registration statement (Form S-3, File No. 333-282966) and closed on May 5, 2026. Maxim Group LLC served as the sole placement agent, earning a 6.0% cash fee and $30,000 expense reimbursement. The net proceeds are intended for working capital and general corporate purposes, with a portion possibly used to repay outstanding indebtedness. As part of the placement agency agreement, the Company agreed to a 20-day lock-up period starting May 5, 2026, restricting the issuance of ordinary shares or equivalents, subject to customary exceptions. The transaction strengthens Roadzen's balance sheet and provides capital to support its AI-driven insurance and mobility operations.