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NEW YORK - Rezolve AI (NASDAQ:RZLV), currently valued at $842.8 million, announced Thursday it has entered into definitive agreements with two institutional investors for approximately $50 million in gross proceeds through a private placement offering. According to InvestingPro data, the company’s stock has shown strong momentum with an 18.12% return over the past week.
The AI-focused retail technology company expects the transaction to close on or about July 25, subject to customary closing conditions. A.G.P./Alliance Global Partners is serving as lead agent for the offering, with H.C. Wainwright & Co. acting as co-lead agent.
Rezolve AI plans to use the proceeds for working capital, potential acquisitions, and general corporate purposes, according to the company’s statement.
The private placement is being conducted under an exemption from registration requirements in Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D, meaning the securities cannot be offered or sold in the United States except through an effective registration statement or applicable exemption.
Rezolve AI specializes in AI-powered solutions for customer engagement, operational efficiency, and revenue growth in the retail sector. The company trades on the Nasdaq under the ticker RZLV.
The announcement was made in a press release issued by the company.
In other recent news, Rezolve Ai has reported annual recurring revenue (ARR) exceeding $70 million, marking significant growth from zero at the start of the year. This development positions the company well on its path to surpass its $100 million ARR target by the end of 2025. The increase in ARR is attributed to the acquisition of GroupBy and new deployments in sectors such as fashion, electronics, and digital services. Rezolve Ai is also reaffirming its commitment to a $1 billion Bitcoin-backed treasury strategy, which will be managed through a special purpose vehicle under regulatory oversight.
Additionally, the company is preparing to support stablecoin transactions in retail, following the passage of the GENIUS Act, which regulates stablecoins in the United States. This move aligns with Tether’s plans to issue a U.S.-regulated stablecoin. On the analyst front, Cantor Fitzgerald has maintained an Overweight rating and a $5.00 price target for Rezolve Ai, expressing confidence in the company’s strategic direction and execution capabilities. The firm noted that Rezolve Ai has made significant progress over the past six months, transitioning from potential to delivering on its commitments. These developments reflect Rezolve Ai’s efforts to enhance its presence in the AI commerce sector.
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