Rezolve AI Appeals to Commerce.com Shareholders in Takeover Bid

MT Newswires Live

04/08

Rezolve AI (RZLV) on Wednesday appealed directly to shareholders of Commerce.com (CMRC) saying the company's board has refused to engage in substantive discussions regarding a strategic combination.

Rezolve said it is proposing an all-stock combination at a fixed exchange ratio of two shares of Commerce.com for one Rezolve AI share.

"We have been transparent with the Commerce.com board, but they have chosen not to engage while their shareholders suffer through decline," said Rezolve AI CEO Daniel Wagner in a statement.

Commerce.com possesses "real, underutilized assets: a global customer base, an installed base of more than 60,000 online stores, established enterprise relationships and meaningful recurring revenues," Rezolve said. "The board and management team are squandering them."

Commerce.com did not immediately reply to MT Newswires' request for comment.

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