Rezolve Ai plc has received Court approval for its proposed capital reduction, a key step toward implementing its previously announced share repurchase program of up to $300 million. The approval follows shareholder approval of the capital reduction and is intended to give the Board greater flexibility to allocate capital in ways it believes best serve long-term shareholder value. The company said it expects to commence repurchases once the remaining procedural requirements for the capital reduction to become effective are completed, subject to market conditions, available capital, liquidity, capital allocation priorities and legal requirements. Under arrangements with BTIG, BTIG is expected to purchase ordinary shares in the market within agreed parameters, with Rezolve Ai repurchasing those shares from BTIG in accordance with applicable legal requirements and the terms of the program. Chairman and Chief Executive Officer Daniel M. Wagner called the Court approval an important milestone, saying the public market valuation of Rezolve Ai does not reflect the strength of its technology, its commercial progress or the scale of the opportunity ahead in AI-powered commerce, and that the company remains focused on growth, evaluating non-dilutive funding alternatives and preserving its ability to pursue strategic M&A. The program does not obligate the company to acquire any specific number or dollar amount of shares and may be suspended, modified or discontinued at any time.
Rezolve AI Limited Ordinary SharesCourt approval of capital reduction enables the previously announced up-to-$300M buyback, a shareholder-value capital event.
WT Microelectronics Co Ltd
