Roadzen defers $2M+ in convertible note payments by 2-3 months, adds dilutive down-round protection

Filed May 22, 2026 · Period ending May 22, 2026 · ~1 min read

Key Changes

• high

  Company added down-round protection to November convertible note that automatically lowers conversion price if future equity is raised below current terms, potentially increasing shareholder dilution

  Item 1.01 verify on EDGAR →
• high

  Must seek shareholder vote to allow conversion of notes into shares exceeding 20% of outstanding stock, indicating substantial potential dilution from these debt instruments

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• medium

  Deferred three installment payments totaling undisclosed amounts from April/May 2026 to July 20, 2026, suggesting near-term cash flow pressure requiring 2-3 month payment relief

  Item 1.01 verify on EDGAR →