Roadzen Secures $5M Through Share Offering to Fuel AI Insurance Technology Growth
Summary
The Company may also use a portion of the net proceeds to repay indebtedness outstanding.ThinkEquity is acting as sole placement agent for the offering.The securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. Copies of the prospectus supplement may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Roadzens mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. In some cases, you can identify forward-looking statements by terminology such as may, should, could, would, expect, plan, anticipate, believe, estimate, and continue, or the negative of such terms or other similar expressions. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release.