Rezolve Ai Closes 2024 with Transformational Milestones, Bolstered by Strategic Partnerships, Financial Strength and Strong Customer Pipeline

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Key highlights

Partnerships with Microsoft, Google and Tether solidify Rezolve Ai’s position as a leader in cutting-edge AI and fintech solutions.

NEW YORK, December 20, 2024 – Rezolve Ai (NASDAQ: RZLV) reflects on a landmark year of growth and innovation, punctuated by transformative partnerships, enhanced financial health, and widespread market recognition. As the company continues to lead the retail AI revolution, it has closed the year on an exceptionally strong note, setting the stage for significant success in 2025.

Key developments include

Strategic Partnerships with Microsoft, Google, and a Visionary Initiative with Tether: These collaborations solidify Rezolve Ai’s position as a leader in cutting-edge AI and fintech solutions. Microsoft and Google are empowering the company’s BRAiNPOWA LLM to redefine retail personalization, while the initiative with Tether’s drives a pioneering crypto proposition that plans to introduce seamless cryptocurrency payments for retailers worldwide.
Strengthened Financial Position: The company successfully achieved loan note holder agreement to conversion of converted over $49 million of debt into equity despite being a variable convert with no floor price and having two and a half years remaining to maturity. This move not only cleans up the balance sheet but also reflects heightened confidence from stakeholders in Rezolve Ai’s future.
Universal Bullish Analyst Coverage: Recent coverage from Cantor Fitzgerald, Roth MKM, and Northland Securities highlights the immense potential of Rezolve Ai’s business model and growth prospects.
Selective Equity Investment: Despite receiving numerous financing proposals, the company opted for a small $15 million equity investment. This decision underscores the board’s belief that the company’s stock remains significantly undervalued and represents a tremendous opportunity for shareholders.
Strong Customer Pipeline: Rezolve Ai continues to gain traction with a growing pipeline of customers eager to adopt its unique and compelling solutions, which are transforming the way retailers engage and personalize experiences for consumers.

Daniel M. Wagner, CEO of Rezolve Ai, commented:
“2024 has been a game-changing year for Rezolve Ai. Our strategic partnerships with Microsoft, Google, and exciting crypto and payments initiative with Tether are unlocking unprecedented opportunities across the retail and fintech landscapes. The successful agreement by loan note holders to conversiont of over $49 million in variable conversion debt reflects the confidence our investors have in our business, while our decision to take a modest equity investment highlights our firm belief in the long-term value of our stock.

We are extremely well-positioned for 2025 and beyond, as our AI-driven solutions and partnerships enable us to capitalize on the $30 trillion retail market opportunity. With our cleaned-up balance sheet, industry-leading technology, and accelerating momentum, Rezolve Ai is poised for a breakthrough year ahead.”

For more information about Rezolve Ai and its solutions, visit rezolve.com.

About Rezolve Ai

Rezolve Ai (NASDAQ: RZLV) is a leader in AI-powered solutions for commerce and retail, focused on transforming customer engagement, streamlining transactions, and driving revenue growth. The company’s Brain Suite of products – BRAiN Commerce, BRAiN Checkout, and BRAiN Assistant – harness the power of AI to provide personalized, frictionless shopping experiences and improve business outcomes for retailers and brands worldwide. Partnering with industry giants like Microsoft, and Google, Rezolve is pioneering the future of commerce. For more information, visit rezolve.com

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Rezolve Ai

Forward-Looking Statements

Certain statements in this press release may be forward looking in nature within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Rezolve’s statements regarding the agreement between Rezolve and certain prominent investors to convert approximately $41 million of debt; Rezolve’s statements and expectations regarding its growth potential and ability to revolutionize the retail market and its ability to scale its operations globally, as well as Mr. Angermayer’s statements regarding Rezolve’s ability to execute on its forecast growth. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. You are cautioned not place undue reliance on these forward-looking statements. None of Rezolve nor any other person is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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