The company plans to execute the buybacks through an agreement with global financial services firm BTIG, which will acquire shares in the open market under specific pricing parameters. Management intends to tap into existing cash reserves to initiate the program as soon as possible.
In section Market Quotes
Rezolve AI Targets $300 Million Buyback to Boost Valuation
Shares of Rezolve AI jumped 17% to $2.96 following the company’s announcement of a planned $300 million share repurchase program. The board is seeking shareholder approval at its upcoming annual meeting to authorize the capital reduction, signaling a move to correct what it views as a significant market undervaluation.
Beyond current liquidity, leadership is exploring various nondilutive financing alternatives and strategic capital initiatives to sustain the program. The decision stems from a belief that the company’s current public market price fails to account for its operational progress or the long-term scale of its AI-commerce business since its initial listing.
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