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An announcement from Roadzen Inc (RDZN) is now available.
On July 26, 2024, Roadzen, Inc. amended its Senior Secured Note Purchase Agreement, allowing for an additional $4 million in senior secured notes to be purchased, raising the total to $11.5 million, and extending the maturity date to December 31, 2024. The interest rate remains at 15% per annum, with potential increases under certain conditions. The amendment resulted in the issuance of a restated note to reflect these changes. This financial maneuver was conducted under specific exemptions from registration requirements, signaling an strategic move for the company in the securities market.
See more data about RDZN stock on TipRanks’ Stock Analysis page.
