Rezolve Ai plc (NASDAQ:RZLV) ("Rezolve Ai" or the "Company"), a global leader in AI-powered commerce, today announced that it has received Court approval for the Company’s proposed capital reduction, an important step in enabling Rezolve Ai to implement its previously announced share repurchase program of up to $300 million.

The Court approval follows shareholder approval of the capital reduction and supports the Board’s objective of providing Rezolve Ai with greater flexibility to allocate capital in a manner that it believes best serves long-term shareholder value.

The Company expects to commence repurchases following the remaining procedural requirements necessary for the capital reduction to become effective having been completed, subject to market conditions, available capital, liquidity, capital allocation priorities, legal requirements and other relevant factors.

Under the Company’s proposed arrangements with BTIG, BTIG is expected to purchase ordinary shares in the market within agreed parameters, with Rezolve Ai repurchasing such shares from BTIG in accordance with applicable legal requirements and the terms of the program.