PHILADELPHIA, PA, and LONDON — Armada Acquisition Corp. I (Nasdaq: AACI), a special purpose acquisition company, announced that its registration statement for the proposed business combination with Rezolve AI Limited has been declared effective by the U.S. Securities and Exchange Commission (SEC). The announcement marks a significant step toward Rezolve becoming a publicly traded company under the ticker symbol “RZLV” on the Nasdaq.
The registration statement includes a proxy statement for Armada’s shareholders and a prospectus for Rezolve. It outlines key details about Rezolve’s business, including its AI-driven engagement platform and intellectual property. The document also provides information on the proposed business combination and the matters Armada’s shareholders will consider.
“Armada and Rezolve have worked collaboratively and diligently toward executing the Business Combination, and we believe we’re at the verge of achieving our long held goal of taking Rezolve public,” said Stephen P. Herbert, CEO and Chairman of Armada.
Douglas M. Lurio, President and Director of Armada, highlighted Rezolve’s potential impact on the market. “Rezolve’s AI driven approach to commercial engagement we believe represents an opportunity for retailers, brands, and manufacturers to create robust, dynamic connections with consumers, transcending barriers of location and device, whether they are mobile or desktop.”
Daniel M. Wagner, Chairman and CEO of Rezolve, emphasized the company’s readiness for its public debut. “Rezolve AI is well positioned for a strong public debut, with an experienced management team and a SAAS based, generative AI powered sales engine that is designed to help retailers improve search, advice and revenue generation.”
Armada will hold a Special Meeting of Stockholders on July 30, 2024, at 10:00 a.m. Eastern time to approve the business combination with Rezolve. Shareholders of record as of July 3, 2024, are eligible to vote and participate in the virtual meeting, which will be accessible via a live audio webcast.
The successful completion of this business combination would mark a pivotal moment for both companies, paving the way for Rezolve to leverage public markets to expand its AI-driven solutions in commercial engagement.
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