Date | Price Target | Rating | Analyst |
---|---|---|---|
5/23/2024 | $10.00 | Buy | Maxim Group |
4 - Roadzen Inc. (0001868640) (Issuer)
4 - Roadzen Inc. (0001868640) (Issuer)
4 - Roadzen Inc. (0001868640) (Issuer)
8-K - Roadzen Inc. (0001868640) (Filer)
10-Q - Roadzen Inc. (0001868640) (Filer)
8-K - Roadzen Inc. (0001868640) (Filer)
SC 13G/A - Roadzen Inc. (0001868640) (Subject)
SC 13G - Roadzen Inc. (0001868640) (Subject)
SC 13G - Roadzen Inc. (0001868640) (Subject)
Maxim Group initiated coverage of Roadzen with a rating of Buy and set a new price target of $10.00
Roadzen Inc (NASDAQ:RDZN) shares are trading lower by 11.8% to $2.00 Thursday afternoon after the company announced that its Special Committee of Independent Directors approved a plan for certain related parties to release $3.5 million of short-term debt in exchange for ordinary shares of RDZN. The parties involved include CEO Rohan Malhotra and entities associated with Chairman Steven Carlson. The debt will be converted to shares based on a price of $2.80 per share or the 30-day volume-weighted average price after the company files its Q1 Form 10-Q. Steven Carlson expressed confidence in Roadzen’s AI platform’s potential for success in the auto insurance industry, highlighting the int
NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that the Company is set to be added to the Russell 2000, Russell 3000, and Russell Microcap Indexes as part of the annual reconstitution of the Russell stock indexes, effective at the US market open on Monday, July 1, 2024. A preliminary list of Russell 3000 Index additions, including Roadzen, was posted by FTSE Russell on May 24, 2024. Rohan Malhotra, founder and CEO, commented, "We are delighted to be included in the prestigious Russell indexes during our first year as a Nasdaq-listed company. The inclusio
NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI-led insurance and mobility products, is excited to announce the appointment of Bruce Goldberg as General Counsel. With over three decades of executive experience overseeing legal, compliance, M&A, and HR in several public technology companies, Bruce brings a wealth of knowledge and a proven track record of success in scaling legal operations. His leadership will play an integral role in steering Roadzen through future opportunities, ensuring that the company's legal strategies support its growth and innovation. His appointment is part of our continued effort to strengthen the leadership team
NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN), a global pioneer in AI-driven insurance and mobility solutions, today announced the appointment of Jean-Noël Gallardo as its new Chief Financial Officer. Mr. Gallardo brings over two decades of experience in financial planning and analysis, treasury management, compliance, fundraising, and M&A, making him an integral addition to the Roadzen leadership team. With his extensive experience in insurtech, brokerage, and claims administration throughout the US and EU, Mr. Gallardo is ideally positioned to propel Roadzen's continued expansion. He will play a crucial role in enhancing Roadzen's financial and operational playb
4 - Roadzen Inc. (0001868640) (Issuer)
4 - Roadzen Inc. (0001868640) (Issuer)
4 - Roadzen Inc. (0001868640) (Issuer)
NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced Rohan Malhotra, Founder and Chief Executive Officer, will deliver a corporate presentation on Monday, September 9 at 11:00 A.M. ET as well as host 1x1 meetings at the H. C. Wainwright 26th Annual Global Investment Conference, taking place at the Lotte New York Palace Hotel in New York City from September 9th-11th, 2024. H. C. Wainwright 26th Annual Global Investment Conference Format:Live presentation and one-on-one meetingsDate:Monday, September 9, 2024Time:11:00 A.M. ETLocation:New York, NY Management
First quarter 2025 revenue increased 59% year-over-year to $8.9 million from $5.6 million in the corresponding quarter last year.Net loss of $48.4 million is impacted by non-cash, non-recurring and extraordinary items, resulting in an Adjusted EBITDA1 loss of $2.9 million.Strong customer wins with leading global insurers, carmakers and fleets choosing Roadzen's risk solutions and AI products over the past quarter. NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced its first quarter financial results for the three-months ended June 30, 2024. "We closed anot
NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that it secured an extension of the maturity date and an additional $4.0 million of capital from Mizuho Securities USA LLC, a leading global investment bank and securities firm. The amended facility increases the loan from $7.5 million to $11.5 million of 15% senior secured notes, without any additional warrants, and extends the maturity date to December 31, 2024. "We greatly appreciate Mizuho's continued belief in our vision. This extension and facility increase, combined with management's recent debt-to-e