Roadzen Inc. Form 8-K Filing
Roadzen Inc. has filed a Form 8-K detailing a Third Amendment to a Securities Purchase Agreement and Junior Convertible Notes. This amendment, dated May 22, 2026, modifies terms of agreements originally entered into in November 2025 and January 2026 with an institutional investor. Key changes include deferring installment payments due in April and May 2026 to July 20, 2026, for both the November and January notes. The amendment also adjusts the November Note to include dilutive issuance protection similar to the January Note and removes a provision for holder-initiated redemption. Additionally, the investor's participation right in future financings under the November SPA has been extended to December 20, 2027. The company is also working towards obtaining shareholder approval for issuing shares upon note conversion, as required by Nasdaq listing rules, to avoid exceeding certain share thresholds.