NEW YORK, June 30, 2026, 14:04 EDT
- Rezolve AI stock gained roughly 12% after shareholders approved a buyback mandate for as much as $300 million.
- The $2.92 price would set the mandate at around 102.7 million shares, making up 25.8% of shares outstanding.
- The buyback has to get UK court sign-off. The company also said it doesn’t have to repurchase any specific amount.
- The stock beat both QQQ and IWM, with the vote turning into a bet on capital returns for this one name.
Rezolve AI PLC NASDAQ:RZLV climbed around 12% Tuesday after getting shareholder signoff for a capital reduction and a share buyback of up to $300 million. The mandate stands out as big compared to the current number of shares.
Nasdaq kept regular trading hours, 9:30 a.m. to 4 p.m. ET. The exchange has market holidays scheduled for June 19 and July 3 in 2026.
Rezolve was up $0.32 at $2.92 just ahead of 1:46 p.m. EDT, with volume at 24.4 million shares. Shares moved between $2.61 and $2.99 so far in the session.
| Buyback math at Tuesday’s quote | Figure | Why it matters |
|---|---|---|
| Share price used | $2.92 | This was the intraday price after the vote |
| Shares outstanding | 398.83 million | This is the denominator for dilution and repurchase calculations |
| $300 million at $2.92 | 102.7 million shares | That’s roughly 25.8% of total shares |
| Implied equity value at $2.92 | About $1.16 billion | The buyback would cover about 25.8% of that market value |
| Tuesday volume | 24.4 million shares | The buyback share count is about 4.2 times the day’s volume |
Google Finance puts the outstanding share count at 398.83 million, with a 52-week range between $2.05 and $8.45. Shares last traded at $2.92, down around 65% from the high and up 42% from the low.
The trade outperformed the broader market by a lot. Invesco QQQ Trust NASDAQ:QQQ added roughly 1.6% while iShares Russell 2000 ETF (NYSEARCA:IWM) gained about 0.6% at the same time.
Timing is the sticking point for investors. Rezolve said its capital reduction still needs UK court sign-off and it expects that by mid-September. It plans to do the buyback using BTIG, either in the open market, via block trades or private deals. The company isn’t required to repurchase a set number of shares.
Rezolve’s AGM notice showed a plan to cancel £480 million from its share premium account. The notice called this account not distributable, and said that the cancellation would free up a distributable reserve for possible buybacks if the court signs off. It also said the step is more than just legal boilerplate.
CEO Daniel M. Wagner called the vote “a clear shareholder mandate.” He said the public valuation “does not come close” to matching the size of the business and said Rezolve would stay “disciplined, opportunistic and shareholder-focused.” GlobeNewswire
| Operating scale cited by Rezolve | Figure | Comparison |
|---|---|---|
| FY2025 revenue | $46.8 million | Buyback is roughly 6.4 times that |
| Q1 2026 unaudited revenue | About $60 million | Buyback stands at about 5 times this |
| FY2026 revenue guidance | About $360 million | Buyback is nearly 83% of the outlook |
| 2026 exit ARR target | At least $500 million | Management’s year-end ARR target |
| Enterprise customers | More than 1,000 | Management gave this with the vote |
Rezolve reported Q1 revenue of about $60 million, saying this makes up about one-sixth of its revenue target for 2026. The company’s $360 million full-year guide is about 7.5 times its FY2025 revenue.
Data from Public.com put the market value at $1.04 billion as of June 29, with an average daily volume of 17.64 million shares and trailing-12-month revenue at $46.8 million. By early Tuesday afternoon, volume had already topped that daily average.
The buyback plan hands Rezolve a big tool if the court OKs it and the board moves forward. But the main risk stays: the company said it could suspend, change or end the program any time.
