Business
Armada Acquisition Corp. I Closes Business Combination with Rezolve AI Limited
Rezolve AI common shares and warrants to begin trading on the Nasdaq on Aug. 16, 2024 under the ticker symbols "RZLV" and "RZLVW", respectively PHILADELPHIA,
About this update from Armada Acquisition Corp. Ii
[{"type":"text","content":"Rezolve AI common shares and warrants to begin trading on the Nasdaq on Aug. 16, 2024 under the ticker symbols \"RZLV\" and \"RZLVW\", respectively\nPHILADELPHIA, Aug. 15, 2024 /PRNewswire/ -- Armada Acquisition Corp. I, (Nasdaq: AACI) a publicly traded special purpose acquisition company (\"Armada\"), announced today the closing of its previously announced business combination with Rezolve AI Limited, a leading provider of AI-driven engagement platforms for retail and commerce. Armada stockholders approved the transaction at Armada's special meeting held on August 1, 2024. Rezolve plans to grow a strategic market base and expand its position as a global provider of a SAAS based, generative AI powered sales engine that is designed to help retailers improve search, advice and revenue generation.\n\nThe combined company will operate as \"Rezolve AI Limited\", and its common shares and warrants are expected to begin trading on the Nasdaq Stock Market (\"Nasdaq\") under the ticker symbols \"RZLV\" and \"RZLVW\", respectively, on August 16, 2024.\nRezolve's management team, led by Chairman and CEO Daniel Wagner, CEO, Technology and Product Sauvik Banerjjee, CTO Dr Salman Ahmed and CFO Richard Burchill, will continue to lead the public company following the Business Combination.\n\"Armada identified what we believe to be a company capable of transforming digital retail engagement using its proprietary generative AI powered sales engine, and we're committed to helping Rezolve grow to deliver next level performance for customers and value to shareholders,\" said Stephen Herbert, chairman and CEO of Armada Acquisition Corp. I.\n\"The Rezolve team, Armada, and Armada's advisors and professionals worked tirelessly to close this important transaction which represents a significant milestone for Armada,\" said Douglas M. Lurio, President and Director of Armada.\nAdditional information about the completed Business Combination will be provided in a Current Report on Form 8-K to be filed by Armada and a Form 6-K to be filed by Rezolve with the Securities and Exchange Commission and available at www.sec.gov.\nAdvisors\nCohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, and Northland Capital Markets are serving as financial advisors and lead capital markets advisors to Armada Acquisition Corp. I. DLA Piper LLP (US) is ser...