Roadzen, Inc. (RDZNW) Warrant
Each RDZNW warrant gives the holder the right to buy 1 share of Roadzen, Inc. at $11.50 per share, until September 20, 2028. The stock last closed at $1.22, below the strike, so the warrant is out of the money. Roadzen, Inc. has a market value of about $103.90M. There are 10.00M listed warrants; exercising all of them would add 11.8% to the 85.17M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2028-09-20
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.56
From the issuer's 424B4 (2021-11-24).
Company and stock
- Company
- Roadzen, Inc.
- Underlying stock
- RDZN
- Share price
- $1.22
- Market cap
- $103.90M
- Shares outstanding
- 85.17M
- 12-month range
- $0.87 – $2.41
- 12-month change
- +40%
- Value of all listed warrants
- $650.32K (0.6% of market cap)
- Industry
- Insurance Agents, Brokers & Service
- Head office
- Burlingame, CA
- Incorporated in
- Virgin Islands, British
Market cap is the last share price times shares outstanding (as of 2026-08-12). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0650
- Price / model
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Dilution
- Shares outstanding
- 85.17M
- Listed warrants
- 10.00M
- Dilution if all exercised
- 11.8%
Warrant count from filing iXBRL: PublicWarrantsMember.
Filings and events
- Merger closed; the warrants became warrants of the combined company
- Terms source: 424B4
Questions about RDZNW
When does the RDZNW warrant expire?
RDZNW expires on September 20, 2028.
What is the strike price of RDZNW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Roadzen, Inc. redeem the RDZNW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many RDZNW warrants are outstanding?
10.00M listed warrants, equal to 11.8% dilution if all are exercised.
Related warrants
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