Rezolve Ai Announces $49 Million Equity Conversion by Leading Investors
18 Diciembre 2024 - 7:30AM
Rezolve Ai (NASDAQ: RZLV), a global leader in AI-driven retail
innovation, and its leading investors have entered into a series of
transactions agreeing to the conversion of $49 million of the
outstanding convertible loan note into equity. The debt
subject to conversion was issued pursuant to the secured
convertible loan note instrument dated December 16, 2021, as
amended and restated.
Rezolve Ai believes this significant milestone underscores the
confidence of top-tier investors in Rezolve Ai’s transformative
vision, market-leading technology, and growth potential and
reflects a strong endorsement of Rezolve Ai’s leadership in
revolutionizing the $30 trillion retail market through advanced
artificial intelligence solutions.
Christian Angermayer, Founder of Apeiron Investment
Group, added: “We have been investing in Rezolve Ai since
2018 and have been strong supporters of Dan Wagner and his team
throughout. Microsoft and Google selecting Rezolve Ai as their key
market technology partner for the retail and consumer sector has
cemented our conviction that Rezolve Ai will be a global leader in
conversational commerce field in the coming years.”
Daniel M. Wagner, CEO of Rezolve
Ai commented:"I believe this milestone highlights
the extraordinary confidence that Apeiron and other leading
investors have in our strategy and vision. Their support is a
testament to the immense value Rezolve Ai brings to the global
retail market as we continue to deliver on our mission to
democratize AI and accelerate innovation worldwide."
The aggregate $49 million equity conversion reinforces Rezolve
Ai's financial strength and is expected to position the company to
expand its AI-driven offerings, including Brain Commerce, Brain
Checkout, and their proprietary foundation language model,
brainpowa. This development follows recent strategic advancements,
including a landmark go-to-market partnership with Microsoft, a
similar agreement with Google and a transformative initiative to
revolutionize crypto payments in retail and eliminate merchant fees
– all of which underscores Rezolve Ai’s commitment to reshaping the
retail industry.
Looking AheadRezolve Ai is committed to
delivering value to its customers and shareholders, advancing its
technology suite, and enabling retailers worldwide to unlock the
full potential of AI. The company will continue to engage with
industry leaders, secure strategic partnerships, and drive global
expansion, solidifying its position as a trusted partner in the
AI-driven retail revolution.
For more information about Rezolve AI and its solutions, visit
www.rezolve.com.
About Rezolve AiRezolve Ai (NASDAQ: RZLV) is a
leader in AI-powered solutions for commerce and retail, focused on
transforming customer engagement, streamlining transactions, and
driving revenue growth. The company’s Brain Suite of products -
Brain Commerce, Brain Checkout, and Brain Assistant - harness the
power of AI to provide personalized, frictionless shopping
experiences and improve business outcomes for retailers and brands
worldwide. Partnering with industry giants like Microsoft, and
Google, Rezolve is pioneering the future of commerce. For more
information, visit www.rezolve.com.
Media Contact:
Rezolve AiUrmee Khan Global Head of
Communications urmeekhan@rezolve.com +44 7576
094 040
Investor Relations Contact:CORE
IR+15162222560investors@rezolve.com
Forward-Looking StatementsCertain statements in
this press release may be forward looking in nature within the
meaning of Section 27A of the Securities Act of 1933, as amended
(the “Securities Act”), Section 21E of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”) and the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995.Words such as “expect”, “estimate”, “project”, “budget”,
“forecast”, “anticipate”, “intend”, “plan”, “may”, “will”, “could”,
“should”, “believes”, “predicts”, “potential”, “continue”, and
similar expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, Rezolve’s statements regarding the agreement between
Rezolve and certain prominent investors to convert approximately
$41 million of debt; Rezolve’s statements and expectations
regarding its growth potential and ability to revolutionize the
retail market and its ability to scale its operations globally, as
well as Mr. Angermayer’s statements regarding Rezolve’s ability to
execute on its forecast growth. The matters discussed in these
forward-looking statements are subject to a number of risks, trends
and uncertainties that could cause actual results to differ
materially from those projected, anticipated or implied in the
forward-looking statements. You are cautioned not place undue
reliance on these forward-looking statements. None of Rezolve nor
any other person is responsible for updating or revising any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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