Rezolve and Grupo Carso enter into strategic partnership to transform Latin American market for Omni Channel Mobile Engagement
Rezolve and Grupo Carso (1.04)
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Expansion into Latin America via Claro Shop and T1 Comercios marks important territorial expansion for Rezolve in major markets
- Launch of Rezolve technology in Claro Shop and T1 Comercios will initially focus on retail division
- Claro Shop has over 10 million users and over 6,000 merchants
- Expands Rezolve’s reach into one of Mexico’s largest online marketplaces
(Please Note on December 17, 2021, Rezolve announced that it had entered into a definitive business combination agreement with Armada Acquisition Corp. I (NASDAQ: AACI), a publicly traded special purpose acquisition company, which business combination agreement was amended on November 10, 2022. Upon closing of the transaction, the combined company’s shares are expected to trade on the NASDAQ under the ticker symbol “ZONE”.)
London, UK and Mexico City, MX January 18, 2023 – Rezolve, a leader in mobile commerce and engagement, and Grupo Carso, today announced a strategic partnership that will see Rezolve’s technology integrated into Claro Shop and T1 Comercios, one of Mexico’s largest online marketplaces, and is expected to transform the mobile shopping experience for millions of consumers.
Claro Shop is a leader in Mexico’s fast-growing ecommerce sector featuring more than 2,000,000 products in thousands of official stores. The company works with more than 10,000 well-known brands, including global leaders like Levi’s, Puma, Apple, Samsung, and Nike. Claro Shop reported over 10 million mobile users in 2019. T1 Comercios, owned by Claro Shop, is part of Grupo Carso, which consists of 268 companies.
Rezolve, an enterprise SaaS platform designed from the ground up specifically for mobile commerce and engagement, is positioned to become an engine of mobile engagement that enables the transformation of interactions between consumers and merchants on mobile devices. Using the Rezolve platform, merchants can lead consumers directly to special offers by using mobile technology like geofencing, notifications on smartphones, Bluetooth beacons, or watermarked advertisements.
With ‘Rezolve Inside’ powering the Claro Shop App, users will benefit from a truly omnichannel experience, interacting with stores based on location, image, audio, social media and more, allowing users to make an instant purchase with a single click. In addition, merchants will be able to engage with consumers wherever they are bringing Claro Shop into the physical world with online to offline and offline to online engagement.
“We are delighted to announce this agreement with Claro Shop and Grupo Carso,” said Dan Wagner, Rezolve’s Chairman and CEO. “Claro Shop will be the first to offer Rezolve’s leading mobile commerce and engagement platform in Mexico. Rezolve has enjoyed a strong growth in Asia, and now with this strategic partnership we will be able to grow our presence in Mexico as well.”
Rezolve currently has go-to-market partner agreements with leading global players that have a combined global reach of over 20 million merchants and over 1 billion consumers across China, Asia, Europe, North America, and now Central America as well. Rezolve’s platform already serves over 230,000 of those merchants today.
About Rezolve
Rezolve is taking retailing into a new era of customer engagement with a proprietary mobile engagement platform. The Rezolve Platform is a powerful set of mobile commerce and engagement capabilities that provide mobile application vendors with a range of valuable commercial opportunities that can be realized without having to develop code, host operations or manage security. The Rezolve Inside SDK allows mobile application vendors to quickly deliver innovation for their consumers into existing or new mobile apps. Rezolve was founded in 2016, is headquartered in London, UK and has offices including: Shanghai, New Delhi, Taipei, Frankfurt, Madrid and New Mexico. (www.rezolve.com).
About Grupo Carso
Grupo Carso is one of the largest and most important diversified conglomerates in Latin America. The Group has an important presence in the Mexican economy, where it remains one of the market leaders thanks to an exceptional portfolio of formats, products and services.
Since its foundation 41 years ago, Grupo Carso has been characterized by its dynamism, its innovation in processes and technologies, and the sustainable management of resources.
Within the sectors that constitute it, operating synergies have been achieved, profitability and constant cash flows have been generated, which has meant a history of creating long-term value for shareholders.
About Armada Acquisition Corp. I
Armada Acquisition Corp. Is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Armada was founded on November 5, 2020 and is headquartered in Philadelphia, PA.
Important Information About the Proposed Transaction with Armada Acquisition Corp. I and Where to Find It
On December 17, 2021, Rezolve Limited, a private limited liability company registered under the laws of England and Wales (“Rezolve”), entered into a business combination agreement, dated as of December 17, 2021, with Armada Acquisition Corp. I, a Delaware corporation (“Armada”), Rezolve Group Limited, a Cayman Islands exempted company (“Cayman NewCo”), and Rezolve Merger Sub, Inc., a Delaware corporation (“Rezolve Merger Sub”).
This communication relates to the proposed business combination transaction among Armada, Rezolve, Cayman NewCo, and Cayman Merger Sub, Inc. A full description of the terms of the transaction will be provided in a registration statement on Form F-4 that Armada intends to file with the SEC that will include a prospectus of Cayman NewCo with respect to the securities to be issued in connection with the proposed business combination and a proxy statement of Armada with respect to the solicitation proxies for the special meeting of stockholders of Armada to vote on the proposed business combination. Armada urges its investors, stockholders and other interested persons to read, when available, the preliminary proxy statement/ prospectus as well as other documents filed with the SEC because these documents will contain important information about Armada, Rezolve, Cayman NewCo and the transaction. After the registration statement is declared effective, the definitive proxy statement/prospectus to be included in the registration statement will be mailed to shareholders of Armada as of a record date to be established for voting on the proposed business combination. Once available, shareholders will also be able to obtain a copy of the Registration Statement on Form F-4, including the proxy statement/prospectus included therein, and other documents filed with the SEC without charge, by directing a request to: Armada Acquisition Corp. I, 2005 Market Street, Suite 3120, Philadelphia, PA 19103 USA; (215) 543-6886. The preliminary and definitive proxy statement/prospectus to be included in the registration statement, once available, can also be obtained, without charge, at the SEC’s website (www.sec.gov). This communication does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. Before making any voting or investment decision, investors and security holders are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed business combination as they become available because they will contain important information about the proposed transaction.
No Offer or Solicitation
This communication is for informational purposes only and does not constitute an offer or for a solicitation of an offer to buy or sell securities, assets or the business described herein or a commitment to Armada or Rezolve, nor is it a solicitation of any vote, consent or approval in any jurisdiction pursuant to or in connection with the proposed business combination or otherwise, nor shall there be any offer, sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
Participants in Solicitation
Armada, Cayman NewCo and Rezolve, and their respective directors and executive officers, may be deemed participants in the solicitation of proxies of Armada’s stockholders in respect of the proposed business combination. Information about the directors and executive officers of Armada is set forth in Armada’s final prospectus relating to its initial public offering, dated August 12, 2021, which was filed with the SEC on August 16, 2021 and is available free of charge at the SEC’s web site at www.sec.gov. Information about the directors and executive officers of Cayman NewCo and Rezolve and more detailed information regarding the identity of all potential participants, and their direct and indirect interests by security holdings or otherwise, will be set forth in the definitive proxy statement/prospectus for the proposed business combination when available. Additional information regarding the identity of all potential participants in the solicitation of proxies to Armada’s stockholders in connection with the proposed business combination and other matters to be voted upon at the special meeting, and their direct and indirect interests, by security holdings or otherwise, will be included in the definitive proxy statement/prospectus, when it becomes available.
Contacts
Investor Contact:
Kevin Hunt
RezolveIR@icrinc.com
Media Contact:
Urmee Khan
urmeekhan@rezolve.com
44-7576-094-040
Media Contact:
Edmond Lococo
ICR Inc.
RezolvePR@icrinc.com
