Rezolve

Rezolve, based in London, offers its customers a mobile shopping solution, as well as electronic payments and electronic marketing products. This allows brands and more than 150 thousand sellers on the platform to transform media into an interactive interface on mobile devices.

History

2021: Armada Acquisition Corp I bought Rezolve

December 17, 2021 it was announced the sale of the mobile commerce platform Rezolve SPAC-company Armada Acquisition Corp I for $2 billion. Thanks to this transaction, the sold company will become public.

Rezolve joins a number of technology companies that have entered public markets as their digital economy-oriented products and services are in great demand due to fundamental changes in how they do business.

Armada Acquisition Corp I acquired Rezolve

The funds from the transaction will be used to enter new markets and invest in research and development, co-founder and chief executive officer Dan Wagner told Reuters.

SPACs are often called blank check companies. These firms are publicly registered shell companies that raise funds to merge with a private company within two years of offering its shares. The private company then becomes public as a result of the merger.

This is a quick path to this (exit to the exchange), said Wagner. - They are popular among investors because they can help quickly provide capital to the company and establish valuation in the private sector out of the public eye.

The deal will be held between Rezolve and Armada Acquisition Corp I and will provide Rezolve with up to $190 million in gross revenue, including $150 million from the SPAC trust account and $40 million in private investments from billionaire Betsy Cohen and German billionaire investor Christian Angermeier.^[1]

Notes