Rezolve AI (RZLV) Converts $59M in Variable Rate Convertible Loans

Rezolve Ai (NASDAQ: RZLV), a leader in AI-driven retail solutions, announces the successful conversion of variable rate convertible loans, totalling approximately $59 million, before the end of 2024. This includes the full settlement of approximately $10 million in loans with Yorkville Advisors and the approximately $49 million in loans previously announced.

The move eliminates these instruments from the company’s balance sheet through conversion into shares rather than repayment in cash, which we believe showcases investor confidence in Rezolve Ai’s growth trajectory. As the company enters 2025, it does so with cash on the balance sheet and enhanced financial flexibility.

“The conversion of these substantial loans we believe demonstrates both our financial strength and the confidence of our investors in Rezolve Ai’s long-term vision,” said Daniel M. Wagner, Rezolve Ai CEO. “We enter 2025 with a robust balance sheet, cash reserves, and the agility to manage remaining obligations efficiently. This solid foundation allows us to focus on scaling our innovative AI-powered solutions.”

This milestone aligns with Rezolve Ai’s strategy of financial discipline while leading the retail AI revolution with transformative products such as Brain Commerce and Brain Checkout.

For more information about Rezolve Ai and its solutions, visit www.rezolve.com.

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