PHILADELPHIA, PA — Armada Acquisition Corp. I (Nasdaq: AACI) recently finalized its business combination with Rezolve AI Limited, an AI-driven engagement platform provider for retail and commerce. Stockholders of Armada approved the transaction during a special meeting held on August 1, 2024.
The newly combined entity is now operating as “Rezolve AI Limited.” Its common shares and warrants began trading on the Nasdaq under the ticker symbols “RZLV” and “RZLVW” as of August 16, 2024.
The leadership team of Rezolve will continue to steer the company. Chairman and CEO Daniel Wagner, CEO of Technology and Product Sauvik Banerjjee, CTO Dr. Salman Ahmed, and CFO Richard Burchill will remain in their roles post-combination.
Stephen Herbert, Chairman and CEO of Armada, said, “Armada identified what we believe to be a company capable of transforming digital retail engagement using its proprietary generative AI-powered sales engine. We’re committed to helping Rezolve grow to deliver next-level performance for customers and value to shareholders.”
Douglas M. Lurio, President and Director of Armada, remarked, “The Rezolve team, Armada, and our advisors and professionals worked tirelessly to close this important transaction, which represents a significant milestone for Armada.”
This strategic move aims to bolster Rezolve’s market presence and expand its role as a global provider of SaaS-based AI-powered sales solutions, designed to enhance retailer search, advice, and revenue generation.
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