STOCK TITAN

Rezolve Ai (RZLV) presses Commerce.com after 1-for-2 share exchange offer rebuffed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Rezolve Ai plc has filed a Form 6-K after issuing a forceful press release responding to the Commerce.com board’s rejection of its proposed share-for-share acquisition. Rezolve had offered an exchange of one Rezolve Ai share for every two Commerce.com shares, which Commerce.com’s board labeled a discount to its current trading price.

Rezolve disputes this, arguing Commerce.com’s thinly traded stock and 3% annual revenue growth do not support a credible standalone turnaround, especially for a stock it says has lost 96% of its value. By contrast, Rezolve highlights itself as a high-growth platform targeting 7.5x year-on-year revenue growth, with 64% of its 2026 revenue target already contracted.

The company states it will now take its case directly to Commerce.com shareholders and remains committed to pursuing what it describes as a disciplined, highly accretive combination, while including extensive forward-looking statements and transaction risk disclosures.

Positive

  • None.

Negative

  • None.

Insights

Rezolve escalates its hostile-style push for Commerce.com after offer rejection.

Rezolve Ai is positioning its proposed exchange offer as a superior alternative to Commerce.com’s standalone plan. The suggested ratio of one Rezolve share for every two Commerce.com shares is framed against sharp criticisms of Commerce.com’s thin liquidity and low growth outlook.

Rezolve contrasts its target of 7.5x year-on-year revenue growth and having 64% of its 2026 revenue target already contracted with Commerce.com’s guidance for as little as 1.5% growth and a stock it says has lost 96% of its value. These figures underscore Rezolve’s argument that value lies in the combined platform rather than Commerce.com’s independence.

The combination remains uncertain: Commerce.com’s board has rejected the proposal and there is no definitive agreement. Rezolve’s next steps involve communicating directly with Commerce.com shareholders and navigating shareholder and regulatory approvals described in the forward-looking and risk disclosures.

Proposed exchange ratio 1 Rezolve Ai share for every 2 Commerce.com shares Terms of proposed acquisition offer
Rezolve revenue growth target 7.5x year-on-year Described growth trajectory for Rezolve’s business
Contracted 2026 revenue 64% of 2026 target Portion of Rezolve’s 2026 revenue target already contracted
Commerce.com guide As little as 1.5% growth Commerce.com forward revenue growth guidance
Commerce.com recent growth 3% annual revenue growth Growth rate Rezolve criticizes as insufficient for recovery
Commerce.com share price decline 96% value loss Rezolve’s description of Commerce.com stock performance
exchange offer financial
"the Company's proposed exchange offer"
An exchange offer is a proposal where a company asks investors to swap existing securities, like bonds or shares, for new ones, often with different terms or maturity dates. It matters to investors because it can affect the value of their holdings and the company's financial strategy, potentially providing benefits like better interest rates or reduced debt.
material business transformation financial
"its recent “material business transformation” justified rejecting"
forward-looking statements regulatory
"This press release includes “forward-looking statements” within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
safe harbor regulatory
"within the meaning of the “safe harbor” provisions"
Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.
tender offer statement regulatory
"may file one or more registration statements, proxy statements, tender offer statements"
A tender offer statement is the formal document that explains the details of a public proposal to buy shareholders’ stock at a specific price and under set conditions. It lists who is making the offer, the price and timing, how the purchase will be funded, and any conditions or risks, so shareholders can decide whether to sell. Think of it as a clear flyer for a buyout that tells investors what’s being offered and why it matters to their holdings.
proxy statement regulatory
"proxy statements, tender offer statements or other documents with the Securities"
A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number 001-42254

Rezolve AI plc

(Translation of registrant’s name into English)

21 Sackville Street,

London, W1S 3DN

United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒ Form 40-F  ☐

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

On April 9, 2026, Rezolve AI plc (the "Company") issued a press release in response to comments made by the board of directors of Commerce.com concerning the Company's proposed exchange offer (the “Press Release”), a copy of which is furnished herewith as Exhibit 99.1.

The information included in this report on Form 6-K, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange

 


 

Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth herein or as shall be expressly set forth by specific reference in such filing.

 

Exhibit No.

Description

99.1

Press Release dated April 9, 2026

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 9, 2026

By:

/s/ Daniel Wagner

Name:

Daniel Wagner

Title:

Chief Executive Officer and Chairman

 

 


Exhibit 99.1

FOR IMMEDIATE RELEASE

 

Rezolve Ai Rejects Commerce.com Board's Fantasies on Stand-alone Recovery, Sets Path for Accelerated Value Creation

 

Commerce.com Calls Rezolve’s Offer a Discount While Asking Shareholders to Treat a Thinly Traded Screen Price and 3% Growth as a “Material Business Transformation.”

 

NEW YORK – April 9, 2026 – Rezolve Ai PLC (NASDAQ: RZLV), a leader in AI-powered commerce infrastructure, today issued a direct response to the Commerce.com Board of Directors. On April 8, the Board rejected Rezolve Ai’s proposal to acquire Commerce.com (NASDAQ: CMRC) through an exchange of one Rezolve Ai share for every two Commerce.com shares. In doing so, the Commerce.com Board described the proposal as a discount to current trading prices and argued that its recent “material business transformation” justified rejecting further engagement.

 

The Commerce.com Board is asking its shareholders to believe in a fiction: that a thinly traded screen price is the same thing as realizable value, and that 3% annual revenue growth constitutes a credible standalone recovery.

 

The Board's response points to a single day's closing price, an approach that ignores the fundamental outlook of either business. One is a high-growth platform on track to deliver 7.5x year-on-year revenue growth, with 64% of its 2026 target already contracted. The other is guiding for as little as 1.5% in the year ahead, on a stock that has lost 96% of its value. Applying spot prices to both strips out everything that matters: growth trajectory, synergy value, and recovery optionality. A Board that cannot defend its own outlook has no standing to speak on behalf of shareholders today.

 

“Commerce.com’s Board is hallucinating a turnaround that simply is not there,” said Daniel M. Wagner, Chairman and CEO of Rezolve Ai PLC. “Rezolve Ai was built to eliminate hallucinations from commerce. Boards should hold themselves to the same standard. A screen price is not liquidity, a rebrand is not transformation and 3% growth is not a recovery story. Shareholders are being asked to accept fiction as value while the Board rejects an offer from a business moving at an entirely different pace."

 

“Commerce.com shareholders do not need to believe in a theory,” Wagner continued. “Commerce.com's Board is trying to justify today. We are building the e-commerce infrastructure of tomorrow. We are offering Commerce.com shareholders a path out of an illiquid mirage and into a company with real momentum, real liquidity and a clear line of sight to substantially greater scale. Rezolve was engineered to separate signal from fiction. Commerce.com’s Board had its chance to engage. Instead, it chose to defend a hallucinated standalone future. We are now taking our case directly to the owners of the company.”

 

Rezolve remains committed to pursuing a disciplined, highly accretive combination and to communicating directly with Commerce.com shareholders regarding what it believes is a superior path to liquidity, growth and long-term value creation.

 

Additional Information

For more information, shareholders can contact Rezolve Ai's Information Agent Georgeson LLC.

 

1

 


Information Agent

Bill Fiske / Jim Gill, Georgeson LLC

Toll-free: +1 (877) 811-6561

Email: CommerceInfo@Georgeson.com

 

Shareholders are also encouraged to review the formal Open Letter and Rezolve’s recent 2025 Annual Report, both of which have been filed with the SEC and are available at www.rezolve.com.

 

ENDS

 

Media Contact

The One Nine Three Group

RezolveAi@the193.com

 

Investor Contact

investors@rezolve.com

 

About Rezolve Ai

Rezolve Ai (NASDAQ: RZLV) is an industry leader in AI-powered solutions, specializing in enhancing customer engagement, operational efficiency, and revenue growth. The Brain Suite is the world’s first enterprise AI platform built for Agentic Commerce, delivering advanced tools that harness artificial intelligence to power search, transact, fulfill, and personalize at global scale. For more information, visit www.rezolve.com.

 

 

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The actual results of Rezolve AI plc (“Rezolve”) may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “forecast”, “anticipate”, “intend”, “plan”, “may”, “will”, “could”, “should”, “believes”, “predicts”, “potential”, “continue”, “design” and similar expressions as they relate to us, our performance and/or our technology, including statements regarding the proposed transaction, benefits and synergies of the proposed transaction and future opportunities for the combined company, are intended to identify such forward-looking statements. These statements reflect management’s current beliefs, assumptions and expectations and are subject to a number of factors that may cause actual results to differ materially. Such factors include but are not limited to the ultimate outcome of any possible transaction between Rezolve and Commerce.com Inc. (“Commerce”), including the possibility that the terms of any definitive agreement will be materially different from those described herein; uncertainties as to whether Commerce will cooperate with Rezolve regarding the proposed transaction; Rezolve’s ability to consummate the proposed transaction with Commerce; the conditions to the completion of the proposed transaction, including the receipt of any required shareholder approvals and any required regulatory approvals; the possibility that Rezolve may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all and to successfully integrate Commerce’s operations with those of Rezolve; that such integration may be more difficult, time-consuming or costly than expected; and that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction.

2

 


You should also carefully consider the risks and uncertainties described in the “Risk Factors” section of Rezolve’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025, as filed with the SEC on March 30, 2026 (the “Rezolve 20-F”), and its subsequent filings made with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward looking statements. Most of these factors are outside Rezolve’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) competition, the ability of Rezolve to grow and manage growth profitably, and retain its management and key employees; (2) changes in applicable laws or regulations; and (3) weakness in the economy, market trends, uncertainty and other conditions in the markets in which Rezolve operates, and other factors beyond its control, such as inflation or rising interest rates. Rezolve cautions that the foregoing list of factors is not exclusive and not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. Except as required by applicable law, Rezolve does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances, or otherwise.

 

Additional Information

This press release does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. This press release relates to a proposal that Rezolve has made for a business combination transaction with Commerce. In furtherance of this proposal and subject to future developments, Rezolve (and, if applicable, Commerce) may file one or more registration statements, proxy statements, tender offer statements or other documents with the Securities and Exchange Commission (the “SEC”).

 

Investors and security holders of Rezolve and Commerce are urged to read the proxy statement(s), registration statement, tender offer statement, prospectus and/or other documents filed with the SEC carefully in their entirety if and when they become available as they will contain important information about the proposed transaction. Any definitive proxy statement(s) or prospectus(es) (if and when available) will be mailed to shareholders of Rezolve and/or Commerce, as applicable. Investors and security holders will be able to obtain free copies of these documents (if and when available) and other documents filed with the SEC by Rezolve through the web site maintained by the SEC at www.sec.gov, and by visiting Rezolve’s investor relations site at https://investor.rezolve.com/.

 

This press release is neither a solicitation of a proxy nor a substitute for any proxy statement, registration statement, tender offer statement, prospectus or other document Rezolve and/or Commerce may file with the SEC in connection with the proposed transaction. Nonetheless, Rezolve and its directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. You can find information about Rezolve’s executive officers and directors in the Rezolve 20-F. Additional information regarding the interests of such potential participants will be included in one or more registration statements, proxy statements, tender offer statements or other documents filed with the SEC if and when they become available. These documents (if and when available) may be obtained free of charge from the SEC’s website www.sec.gov, and by visiting Rezolve’s investor relations site at https://investor.rezolve.com/.

 

3

 


FAQ

What transaction has Rezolve Ai (RZLV) proposed to Commerce.com?

Rezolve Ai proposed acquiring Commerce.com through an exchange offer of one Rezolve Ai share for every two Commerce.com shares. This all-stock structure is intended to give Commerce.com investors ongoing exposure to Rezolve’s business rather than a cash exit.

Why did the Commerce.com board reject Rezolve Ai’s offer?

The Commerce.com board described Rezolve Ai’s share-exchange proposal as a discount to Commerce.com’s current trading prices and cited a recent “material business transformation” as support for continuing independently, leading it to reject further engagement on Rezolve’s proposed combination.

How does Rezolve Ai characterize its own growth versus Commerce.com?

Rezolve Ai highlights itself as a high-growth platform targeting 7.5x year-on-year revenue growth with 64% of its 2026 revenue target already contracted. It contrasts this with Commerce.com’s guidance for as little as 1.5% annual growth and a share price that has declined 96%.

What is Rezolve Ai’s main criticism of Commerce.com’s valuation stance?

Rezolve Ai argues Commerce.com’s board is relying on a thinly traded screen price and modest 3% annual revenue growth to justify rejecting the offer. Rezolve says this ignores realizable value, growth trajectory, and potential synergies from combining the two businesses.

Is Rezolve Ai’s proposed Commerce.com transaction definitive or agreed?

No. The release describes Rezolve Ai’s proposal and Commerce.com’s board rejection, but there is no definitive agreement. Rezolve outlines conditions such as shareholder and regulatory approvals and emphasizes that the outcome of any possible transaction remains uncertain.

What risks and uncertainties does Rezolve Ai highlight about the proposed deal?

Rezolve Ai notes uncertainties over whether Commerce.com will cooperate, its own ability to consummate a transaction, achieving expected synergies, integration challenges, higher-than-expected costs, customer loss, and broader economic and competitive factors described in its Form 20-F risk factors.

Filing Exhibits & Attachments

1 document