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Rezolve Ai (RZLV) has made a public appeal to the shareholders of Commerce.com Inc. (CMRC) with a proposal for an all-stock combination, following repeated refusals by the latter’s board to discuss a potential merger aimed at protecting and enhancing shareholder value.
The open letter outlines what Rezolve describes as severe mismanagement, warning of continued wealth erosion if the current leadership remains in control.
Rezolve Ai highlighted stagnation and operational decline at Commerce.com, and raised concerns about the company’s minimal annual revenue growth, illiquid stock, and lack of AI capabilities.
The company has proposed an all-stock transaction at an exchange ratio of two Commerce.com Series 1 shares for each Rezolve Ai ordinary share, and said it would cap shareholder dilution below 10%.
Rezolve Ai stock traded over 5% higher in Wednesday’s premarket.
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