Roadzen (RDZN) said late Sunday it priced an underwritten public offering of 2 million shares at $1.25 each for $2.5 million in gross proceeds.
Underwriters have been granted a 45-day option to purchase up to 300,000 additional shares.
Proceeds from the offering, expected to close Tuesday, will be used for sales and marketing, R&D, working capital and debt repayment.
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