Rezolve AI (RZLV) Converts $59M in Variable Rate Convertible Loans

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Go back to Rezolve AI (RZLV) Converts $59M in Variable Rate Convertible Loans

Rezolve Ai Converts $59 Million in Variable Rate Convertible Loans Before Year-End, Strengthening Financial Position for 2025

December 30, 2024 9:43 AM EST

NEW YORK, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ: RZLV), a leader in AI-driven retail solutions, announces the successful conversion of variable rate convertible loans, totalling approximately $59 million, before the end of 2024. This includes the full settlement of approximately $10 million in loans with Yorkville Advisors and the approximately $49 million in loans previously announced.

The move eliminates these instruments from the companys balance sheet through conversion into shares rather than repayment in cash, which we believe showcases investor confidence in Rezolve Ais growth trajectory. As the company enters 2025,... More