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NEW YORK - Rezolve Ai (NASDAQ:RZLV), an AI-powered commerce solutions provider with a market capitalization of $1.48 billion and a remarkable 354% stock price gain over the past six months, issued a statement Monday rejecting allegations made in a report by Fuzzy Panda Research, which holds a short position in the company’s stock.
The company characterized the report as "misleading and inaccurate," stating it "selectively misrepresents facts" and "disregards audited financials, SEC filings, and the reality of operations." According to InvestingPro data, Rezolve maintains impressive gross profit margins of 82% and analysts project significant revenue growth for the current year.
"We will not allow such tactics to distort the reality of our business," said Daniel M. Wagner, Founder & CEO of Rezolve Ai, according to the press release. Wagner defended the company’s fundamentals and partnerships with Microsoft, Google, and Tether.
Rezolve specifically refuted claims regarding its revenue reporting, acquisition strategy, technology platform, and corporate governance. The company stated its revenue figures have been reviewed by independent auditors and that its acquisitions align with its strategic expansion of AI-commerce capabilities.
The firm also defended its proprietary "brainpowa LLM" and AI platform, rejecting assertions that its technology merely wraps around another service.
Rezolve indicated it will address investor questions during its scheduled earnings announcement on October 1 but does not "intend to respond to every short-seller allegation." For investors seeking deeper insights, InvestingPro offers 10+ additional exclusive tips and comprehensive financial metrics about RZLV’s performance and outlook.
The company, which describes itself as providing AI solutions for customer engagement and operational efficiency, trades on the Nasdaq under the ticker RZLV. Based on current market prices, InvestingPro’s Fair Value analysis suggests the stock is currently overvalued, with a concerning liquidity position as short-term obligations exceed liquid assets.
The statement was issued as a press release through Globe Newswire.
In other recent news, Rezolve AI has made headlines with a series of significant developments. The company successfully closed a $200 million private placement from institutional investors, marking one of the largest placements in the AI commerce sector this year. This financing round was notably oversubscribed, highlighting strong investor interest. In a separate announcement, Rezolve AI clarified that its recent SEC filing was an administrative move to re-register existing shares, ensuring no shareholder dilution. Additionally, the company addressed short-seller allegations from Fuzzy Panda Research, which claimed Rezolve was misrepresenting its AI capabilities and revenue growth. Rezolve also announced the expiration of private placement warrants issued in December 2024, which were either exercised or lapsed. These warrants were initially part of a $15 million placing. Furthermore, the company emphasized its partnerships and financial position amidst these developments.
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