Rezolve Ai Proposes $300 Million Buyback — Board Says Stock Is Materially Undervalued

Rezolve Ai PLC (NASDAQ:RZLV) shares are in focus Friday after the company announced its Board of Directors will seek shareholder approval at its June 30 annual general meeting for a capital reduction and a $300 million share repurchase program.

• Rezolve shares are powering higher. Why is RZLV stock surging?

The Buyback

Rezolve announced it will seek authority to repurchase up to $300 million of ordinary shares through an agreement with BTIG, a global financial services firm. Under the agreement, Rezolve will repurchase from BTIG ordinary shares that BTIG acquires in the market within agreed pricing parameters. The program requires a capital reduction — a UK corporate structure move subject to standard Court approval under the UK Companies Act 2006 — which the company expects to obtain by the end of August. The Board expects the proposal to be approved at the June 30 annual general meeting based on existing voting arrangements.

The company intends to commence repurchases as soon as possible following Court approval, using existing cash reserves. To support the program over time, Rezolve Ai said it is evaluating non-dilutive financing alternatives and strategic capital initiatives, though it cautioned no assurance can be given that any such financing will be completed.

Why the Board Is Acting

The rationale is straightforward. “The Board believes the current market valuation materially undervalues Rezolve Ai,” said Daniel M. Wagner, Chairman and CEO. “Through a share repurchase program we are making a clear statement of confidence in the Company’s future and in the value we believe exists for shareholders.” The press release notes that the Board believes the company’s public market valuation does not reflect “the strength of the business, the progress achieved since listing, or the scale of the opportunity ahead.”

Rezolve Shares Spike

RZLV Price Action: At the time of publication, Rezolve shares are trading 13.44% higher at $2.86, according to data from Benzinga Pro.

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