NEW YORK - Rezolve Ai (NASDAQ:RZLV) announced that its Board of Directors will seek shareholder authority at the company’s annual general meeting on June 30, 2026, to approve a capital reduction and a share repurchase program of up to $300 million.
The company has entered into an agreement with BTIG, a global financial services firm, under which Rezolve Ai will repurchase ordinary shares that BTIG acquires in the market within agreed pricing parameters, according to a press release statement.
The company intends to begin repurchases following Court approval of the capital reduction, using existing cash reserves. Rezolve Ai is evaluating potential non-dilutive financing alternatives to support the program over time while maintaining flexibility for strategic mergers and acquisitions, balance sheet optimization and growth investments.
The capital reduction requires approval under the UK Companies Act 2006 through a standard Court process. Based on existing voting arrangements, the Board expects the proposal to be approved at the annual meeting. The company anticipates obtaining Court approval by the end of August.
Daniel M. Wagner, Chairman and Chief Executive Officer, stated that the Board believes the current market valuation "materially undervalues" the company. The stock currently trades at $2.53 with a market capitalization of $1.01 billion, and InvestingPro analysis suggests the company may indeed be undervalued based on its Fair Value assessment. Analysts share this optimistic view, with price targets ranging from $7 to $15. According to InvestingPro Tips, the stock has delivered a significant return over the last week, gaining 10%.
The repurchase program will allow Rezolve Ai to buy ordinary shares from BTIG through various methods including open market purchases, privately negotiated transactions, block trades and trading plans. The timing, amount and method of repurchases will depend on market conditions, share price, trading volume, liquidity, capital allocation priorities and legal requirements.
The company noted that no assurance can be given regarding the completion of any financing or capital initiative, or the timing, terms or amount of any repurchases. For investors seeking deeper insights into Rezolve Ai’s financial health and growth prospects, the company is among 1,400+ US equities covered by comprehensive InvestingPro Research Reports, which transform complex data into actionable intelligence. The platform offers 7 additional ProTips beyond those mentioned here. The program may be suspended, modified or discontinued at any time and does not obligate the company to acquire any specific number or dollar amount of shares.
Rezolve Ai describes itself as a provider of AI-powered commerce solutions, headquartered in London with operations across North America, Europe and Asia.
In other recent news, Rezolve Ai reaffirmed its fiscal year 2026 revenue guidance of approximately $360 million, indicating a significant growth from the $46.8 million reported in fiscal 2025. The company reported approximately $60 million in revenue during the first quarter of 2026, surpassing its total revenue for the previous year. Additionally, Rezolve Ai announced a global strategic partnership with Tata Consultancy Services, allowing TCS to resell Rezolve’s AI-powered commerce platform to enterprise clients worldwide. In personnel news, Michele Fisher has been appointed as the new Chief Marketing Officer, bringing experience from her previous role at Microsoft.
Rezolve Ai’s research on TraceWare verification technology has been accepted for presentation at the 34th ACM International Conference on User Modeling, Adaptation and Personalization in June 2026. This research, in collaboration with the University of Sarajevo, focuses on AI reliability in commercial transactions. Furthermore, Rezolve Ai’s SQD token has been listed on the Revolut platform, expanding access to users in over 160 countries. These developments highlight Rezolve Ai’s commitment to growth and innovation in the AI commerce space.
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