Rezolve AI Ltd (NASDAQ:RZLV) saw its shares climb 7.1% in premarket trading Friday after the company disclosed plans for a sizable share repurchase program.
The company's board will ask shareholders at the annual general meeting on June 30, 2026, to approve a capital reduction and an arrangement with BTIG that, if approved, would allow Rezolve AI to repurchase up to $300 million of its ordinary shares. Under the proposed framework, BTIG would buy shares on the open market within agreed pricing parameters and Rezolve AI would subsequently repurchase those shares from BTIG.
Rezolve AI said it expects to begin repurchases only after obtaining the necessary Court approval for the capital reduction, and that it plans to use existing cash reserves to fund initial buybacks. The company also indicated it is assessing potential non-dilutive financing options that could support the program over time, while preserving flexibility to pursue other priorities such as strategic mergers and acquisitions and ongoing investment in growth. The company cautioned that there can be no assurance any such financing will be completed.
Board rationale and approvals
The board described the proposed repurchase program as a response to what it views as a market valuation that does not fully recognize Rezolve AI's business strength or growth prospects. Based on current voting arrangements, the board expects shareholders to approve the proposal at the June meeting. The company anticipates receiving Court approval for the capital reduction by the end of August.
The capital reduction itself requires authorization under the UK Companies Act 2006. The company emphasized that the repurchase program would not obligate it to buy any specified number of shares and that the program could be suspended, modified or discontinued at any time.
Leadership comment
Daniel M. Wagner, Chairman and Chief Executive Officer, said the board believes the current market valuation materially undervalues Rezolve AI and that launching the repurchase program signals confidence in the company's future.
Market and corporate finance context
The proposal links corporate capital allocation, shareholder approval mechanics and judicial sign-off in the UK, with execution to be facilitated by a market intermediary. The company has stated its intention to prioritize both the repurchase program and flexibility for strategic transactions and growth investment, while acknowledging limits on the certainty of external financing.
The full mechanics, timing and ultimate scale of repurchases remain contingent on shareholder approval, Court consent and any future financing decisions.