Shareholder‑Approved Buyback Program
Rezolve AI Ltd (NASDAQ:RZLV) saw its shares rise 11.7% on Tuesday following shareholder approval, at the Annual General Meeting, of a capital reduction and share repurchase programme of up to $300 million. The Board now has flexibility to repurchase ordinary shares once the required UK Court approval under the Companies Act 2006 is obtained, which the company expects by mid‑September 2026. Repurchases are planned to commence as soon as practicable thereafter, subject to market conditions and Board discretion, and may be executed via open‑market purchases, block trades, or privately negotiated transactions. The programme does not obligate Rezolve AI to acquire any specific number of shares and can be suspended or modified at any time.
Financial Performance and Guidance
For the first quarter of 2026, Rezolve AI reported unaudited revenue of approximately $60 million, a level that exceeds its full‑year 2025 revenue. The company reaffirmed its fiscal‑year‑2026 revenue guidance at roughly $360 million, which represents about 7.5 times the FY 2025 revenue baseline. Additionally, Rezolve AI stated its intention to exit 2026 with a minimum of $500 million in annual recurring revenue.
Customer Base and Platform Offering
Rezolve AI now serves more than 1,000 enterprise customers globally through its Brain Suite platform, which enables retailers, brands, and financial institutions to deliver intelligent search, conversational engagement, personalized recommendations, and AI‑powered transaction execution.
Timeline and Conditions
The capital reduction remains subject to UK Court approval, anticipated by mid‑September 2026. Upon approval, the company will begin share repurchases, adhering to market conditions and the Board’s discretion, with the ability to adjust or suspend the programme as needed.