Rezolve Ai Closes 2024 with Transformational Milestones, Bolstered by Strategic Partnerships, Financial Strength and Strong Customer Pipeline
20 Diciembre 2024 - 7:30AM
Rezolve Ai (NASDAQ: RZLV) reflects on a landmark
year of growth and innovation, punctuated by transformative
partnerships, enhanced financial health, and widespread market
recognition. As the company continues to lead the retail AI
revolution, it has closed the year on an exceptionally strong note,
which we believe is setting the stage for significant success in
2025.
Key developments include:
- Strategic Partnerships with Microsoft, Google, and a
Visionary Initiative with Tether: These collaborations
solidify Rezolve Ai’s position as a leader in cutting-edge AI and
fintech solutions. Microsoft and Google are empowering the
company’s brainpowa LLM to redefine retail personalization, while
the initiative with Tether’s drives a pioneering crypto proposition
that plans to introduce seamless cryptocurrency payments for
retailers worldwide.
- Strengthened Financial Position: The company
successfully achieved loan note holder agreement to conversion of
over $49 million of debt into equity despite being a variable
convert with no floor price and having two and a half years
remaining to maturity. This move not only cleans up the balance
sheet but we believe also reflects heightened confidence from
stakeholders in Rezolve Ai’s future.
- Positive Analyst Coverage: Initiation coverage
from Cantor Fitzgerald, Roth MKM, D. Boral Capital and Northland
Securities highlights the potential of Rezolve Ai’s business model
and growth prospects.
- Selective Equity Investment: Despite receiving
several financing proposals, the company opted for a small $15
million equity investment at the current level.
- Strong Customer Pipeline: Rezolve Ai continues
to gain traction with a growing pipeline of customers eager to
adopt its unique and compelling solutions, which are transforming
the way retailers engage and personalize experiences for
consumers.
Daniel M. Wagner, CEO of Rezolve AI, commented:"2024 has been a
game-changing year for Rezolve Ai. Our strategic partnerships with
Microsoft, Google, and exciting crypto and payments initiative with
Tether are unlocking unprecedented opportunities across the retail
and fintech landscapes. The successful agreement by loan note
holders to convert of over $49 million in variable conversion debt
we believe reflects the confidence our investors have in our
business, while our decision to take a modest equity investment
highlights our firm belief in the long-term value of our stock.
We believe we are extremely well-positioned for 2025 and beyond,
as our AI-driven solutions and partnerships enable us to capitalize
on the $30 trillion retail market opportunity. With our cleaned-up
balance sheet, industry-leading technology, and accelerating
momentum, we believe Rezolve Ai is poised for a breakthrough year
ahead."
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 and expectations regarding its
growth potential and ability to revolutionize the retail market,
its expectations for 2025, and its ability to scale its operations
globally, as well as its statements regarding investor confidence .
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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