Rezolve AI Plc (LSE: RZAI) is pursuing a direct takeover approach to Commerce.com Inc. shareholders following unsuccessful negotiations with the company's board and management.

The artificial intelligence company is offering one Rezolve AI share for every two Commerce.com shares, according to Bloomberg, citing a letter to investors. This represents a revised proposal after Commerce.com's board rejected an earlier 1-for-1 share exchange offer.

"The offer to shareholders came after Rezolve earlier offered a 1-for-1 per share exchange to the Commerce.com board before it was rejected," Rezolve AI Chief Executive Officer Daniel Wagner stated in the letter.

The direct shareholder approach bypasses Commerce.com's board after formal acquisition discussions failed to reach an agreement. Rezolve AI has not disclosed the total value of the proposed transaction or provided details on the timeline for the offer.

Commerce.com has not publicly responded to the takeover proposal. The information was disclosed in communications reviewed by Bloomberg News.