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Armada Acquisition Corp. I Closes Business Combination with Rezolve AI Limited
AACIArmada Acquisition I(AACI) Prnewswire·2024-08-15 20:02

Company Overview - Armada Acquisition Corp. I has completed its business combination with Rezolve AI Limited, a provider of AI-driven engagement platforms for retail and commerce [1][2] - The combined entity will operate under the name "Rezolve AI Limited" and will begin trading on Nasdaq under the ticker symbols "RZLV" and "RZLVW" starting August 16, 2024 [2][3] Management Team - The management team of Rezolve AI, including Chairman and CEO Daniel Wagner, will continue to lead the public company post-combination [2] Strategic Goals - Rezolve aims to expand its market base and enhance its position as a global provider of a SaaS-based, generative AI-powered sales engine designed to improve search, advice, and revenue generation for retailers [1][2] Advisors and Legal Counsel - Financial advisors for Armada include Cohen & Company Capital Markets and Northland Capital Markets, while DLA Piper LLP serves as legal counsel [4] Company Background - Rezolve AI, founded in 2016 and headquartered in London, UK, specializes in mobile commerce and offers an AI-driven platform that enhances consumer engagement across mobile and desktop devices [6][7]