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Vahanna Tech Edge Acquisition I Corp. Announces Anticipation of Continuation as a Business Company Incorporated under the Laws of the British Virgin Islands
NEW YORK--(BUSINESS WIRE)-- Vahanna Tech Edge Acquisition I Corp. (NASDAQ: VHNAU, VHNA, VHNAW) (“Vahanna”), a special purpose acquisition company, announced
About this update from Roadzen, Inc.
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nVahanna Tech Edge Acquisition I Corp. (NASDAQ: VHNAU, VHNA, VHNAW) (“Vahanna”), a special purpose acquisition company, announced today that, as of August 23, 2023, the redemption deadline in connection with the extraordinary general meeting of shareholders to approve the proposed business combination with Roadzen, Inc., holders of at least 12,000,000 Class A ordinary shares have elected to redeem their shares. As a result, Vahanna anticipates continuing as a business company incorporated under the laws of the British Virgin Islands, in accordance with the Agreement and Plan of Merger, dated as of February 10, 2023 (as it may be amended and/or restated from time to time), by and among Vahanna, Vahanna Merger Sub Corp. and Roadzen, Inc.\n\n\nAbout Vahanna Tech Edge Acquisition I Corp.\n\n\nVahanna Tech Edge Acquisition I Corp. is a blank check company incorporated on April 22, 2021 as a British Virgin Islands business company and formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.\n\n\nAbout Roadzen\n\n\nRoadzen is a leading insurance technology company on a mission to transform global auto insurance powered by advanced AI. At the heart of Roadzen’s mission is its commitment to create transparency, efficiency, and a seamless experience for the millions of end customers who use its products through insurer, OEM, and fleet (such as trucking, delivery and commercial fleets) partners. Roadzen seeks to accomplish this by combining computer vision, telematics and AI with continually updated data sources to provide a more efficient, effective and informed way of building auto insurance products, processing claims and improving driver safety. Roadzen has been recognized as a top innovator in the insurtech space by Forbes and Financial Express (India).\n\n\nFor materials and information, visit https://www.vahannatech.com/ for Vahanna and https://www.roadzen.io/ for Roadzen.\n\n\nAdditional Information and Where to Find It\n\n\nIn connection with the Business Combination, on February 14, 2023, Vahanna filed a Registration Statement on Form S-4 (File No. 333-269747) (as amended, the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) which includes a proxy stateme...