Stock Track | Rezolve AI Surges 5.26% in Pre-Market as Company Prices $15 Million Offering

Stock Track12-20

Rezolve AI's stock soared 5.26% in pre-market trading on Friday, following an announcement by the company regarding the pricing of a $15 million registered offering.

The AI-driven retail innovation company revealed that it has entered into definitive agreements for the purchase and sale of 5 million ordinary shares (or pre-funded warrants) and warrants to purchase up to 5 million additional shares at a price of $3.00 per share. The warrants will have an exercise price of $3.00 per share and will expire in five years.

The offering is expected to raise gross proceeds of $15 million for Rezolve AI before deducting placement agent fees and other expenses. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering, which is anticipated to close on or around December 23, 2024, subject to customary closing conditions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment