Commerce.com Inc. (NASDAQ: CMRC) announced its board of directors rejected an unsolicited acquisition proposal from Rezolve Ai PLC (NASDAQ: RZLV), according to a company statement.

Under the proposal, Rezolve Ai offered to acquire all outstanding Commerce.com common shares by exchanging one Rezolve Ai share for every two Commerce.com shares. Based on Rezolve Ai's closing price of $2.88 on April 7, 2026, the offer represented a 47% discount to Commerce.com's current share price.

The Commerce.com board determined the proposal "significantly undervalues the company, is not attractive to Commerce.com shareholders, and does not warrant further engagement."

This marks the second rejection of a Rezolve Ai proposal. The board previously rejected an unsolicited offer on February 22, 2026, which proposed a one-for-one share exchange that implied a 29% discount based on Rezolve Ai's $2.15 closing price on February 20.

Commerce.com, formerly BigCommerce Holdings Inc., operates as the parent company of BigCommerce, Feedonomics, and Makeswift. The company provides e-commerce platforms and services to businesses including Cole Haan, Dell, and Skechers.

Morgan Stanley serves as financial advisor to Commerce.com, while Latham & Watkins LLP acts as legal counsel in the matter.