Rezolve AI (RZLV) said Thursday that it remains committed to pursuing a business combination with Commerce.com (CMRC) even after the latter's rejection of its takeover offer.
Commerce.com said late Wednesday its board rejected Rezolve AI's revised unsolicited takeover proposal as it "significantly undervalues" the company and is not in shareholders' interest.
Rezolve AI said it plans to communicating directly with Commerce.com shareholders regarding the combination.
Shares of Rezolve AI were down more than 7% around midday Thursday.
Price: 2.61, Change: -0.21, Percent Change: -7.45
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