Dilution profile // every instrument, one screen, from SEC filings

Roadzen Inc. (RDZNW)

CIK 1868640 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$70.0M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
LOW+24% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
HIGH~3.9 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2023-11-132026-06-26

Latest: 84.6M shares as of Jun 26, 2026 (10-K).

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
Warrant19.2M$11.55y
Public Warrants10.0Mnot tagged
Private Placement Warrants9.2Mnot tagged
Dec Think Equity Warrant Shares115,000$1.5625
Jan Think Equity Warrants Shares111,115$2.8125

Tranches exactly as the company dimensioned them in its 10-K filed Jun 29, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Unsecured Convertible Debentures$1.1Mnot tagged13%
Convertible Promissory Note$1.0Mnot tagged
November Two Thousand Twenty Fivenot tagged$2.25
January Two Thousand Twenty Sixnot tagged$3.5
Junior Notesnot tagged$2

Notes exactly as the company dimensioned them in its 10-K filed Jun 29, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Registrations and offerings

Registered offering capacity on live registrations: $70.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Dec 31, 2025$58.0M registeredfiling →
S-3Nov 28, 2025$11.9M registeredfiling →
S-3Feb 5, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 3 executed · 2 registered.

EXECUTEDMay 5, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EFFECTIVEJan 23, 2026SEC declared a registration effective — selling can beginEFFECT
EXECUTEDJan 20, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
REGISTEREDDec 31, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EFFECTIVEDec 5, 2025SEC declared a registration effective — selling can beginEFFECT
REGISTEREDNov 28, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDNov 20, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJul 30, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 29, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDApr 1, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDMar 5, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEFeb 28, 2025SEC declared a registration effective — selling can beginEFFECT

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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