Rezolve AI PLC (NASDAQ: RZLV) responded to Commerce.com's (NASDAQ: CMRC) board rejection of its acquisition proposal, which offered one Rezolve AI share for every two Commerce.com shares. The Commerce.com board rejected the proposal on April 8, citing it as a discount to current trading prices.

Rezolve AI criticized Commerce.com's board for relying on what it called thinly traded screen prices rather than fundamental business outlook. The company highlighted the contrast between its projected 7.5x year-on-year revenue growth, with 64% of its 2026 target already contracted, against Commerce.com's guidance of as little as 1.5% growth for the year ahead.

"Commerce.com's Board is hallucinating a turnaround that simply is not there," said Daniel M. Wagner, Chairman and CEO of Rezolve AI. "A screen price is not liquidity, a rebrand is not transformation and 3% growth is not a recovery story."

Commerce.com's stock has declined 96% from previous levels, according to Rezolve AI's statement. The company noted that Commerce.com's board described recent business transformation as justification for rejecting engagement with the proposal.

Wagner stated that Rezolve AI would take its case directly to Commerce.com shareholders, emphasizing what it characterized as superior liquidity, growth prospects and value creation potential. The company appointed Georgeson LLC as its information agent for shareholder communications.

Rezolve AI filed documentation with the SEC regarding the proposed transaction, including an open letter and its 2025 annual report. The company specializes in AI-powered commerce infrastructure through its Brain Suite platform.