BuybackJun 12, 2026, 08:01 AM
Rezolve Ai to Seek Approval for $300M Share Repurchase Program
AI Summary
Rezolve Ai announced that its Board of Directors will seek authority at the upcoming annual general meeting on June 30, 2026, to approve a capital reduction and an agreement with BTIG for a share repurchase program of up to $300 million. The company believes its current public market valuation does not reflect its business strength or future opportunities. Repurchases will begin after Court approval, expected by the end of August, utilizing existing cash reserves, and the company is exploring non-dilutive financing to support the program long-term.
Key Highlights
- Rezolve Ai's Board will seek authority for a capital reduction and a share repurchase program up to $300 million.
- The program reflects confidence in long-term prospects and belief that current valuation undervalues the company.
- Agreement with BTIG, a global financial services firm, for market repurchases within agreed pricing parameters.
- AGM to be held on June 30, 2026, to approve the capital reduction and repurchase agreement.
- Company expects proposal approval and Court approval by the end of August.
- Repurchases will commence after Court approval, initially using existing cash reserves.
- Rezolve Ai is evaluating non-dilutive financing alternatives to support the program over time.
Price Impact
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