Insurance tech firm Roadzen will go public in the United States in partnership with a Special Purpose Acquisition Company, using a blank-check vehicle, the companies have announced. The deal is valued at $965 million, according to the announcement.

The deal between Roadzen and special purpose acquisition company Vahanna Tech Edge Acquisition Corp. estimates the pre-money equity value of Roadzen at $683 million. According to the joint statement by the two companies, the combined firm will be listed on the Nasdaq exchange.

Assuming none of the blank-check firm’s shareholders chose to redeem their shares, on completion of the merger existing Roadzen shareholders will own 73.2% of the combined entity.

Rodzen helps insurers build auto insurance products through the use of an advanced AI product. The joint statement noted that for fiscal years ending March 31, 2023 and 2024, respectively, the company is expected to generate roughly $59 million and $118 million in total consolidated revenues.