Roadzen prices capital raise of $5M via stock offering
- Roadzen (NASDAQ:RZN:) announced pricing 2,222,300 shares of common stock in a public offering of $2.25 per share for gross proceeds of approximately $5 million.
- All common shares are offered by the company.
- The offering is expected to close on January 6, 2025.
- The Company intends to use the net proceeds from the offering for sales, marketing, research, development, working capital and general corporate purposes, including personnel and capital expenditures, and may use a portion of the net proceeds to repay outstanding debt.
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