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Rezolve AI shareholders approve up to $300 million stock buyback plan, maintaining fiscal 2026 revenue guidance

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ME News, June 30 (UTC+8), Nasdaq-listed AI commercial company Rezolve AI (NASDAQ: RZLV) announced that its shareholders have approved a share buyback authorization of up to $300 million at the annual general meeting, clearing the way for the launch of a share repurchase plan. Rezolve AI stated that the buyback plan still requires final approval from a UK court under the UK Companies Act 2006, expected to be completed by mid-September 2026, after which the company will initiate buybacks based on market conditions. The company also reiterated its revenue guidance of approximately $360 million for fiscal 2026, representing an increase of about 7.5 times compared to fiscal 2025, and expects annual recurring revenue (ARR) to reach at least $500 million by the end of 2026. The company disclosed that its unaudited revenue for the first quarter of 2026 was approximately $60 million, already exceeding the total revenue for fiscal 2025, and it now has over 1,000 global enterprise customers. Rezolve AI stated that the share buyback plan aims to narrow the gap between the company's market valuation and business growth and will continue to advance the application of its AI commercial platform Brain Suite in retail, brands, and financial institutions. --------------------------------- Click the original article link below to join the Beating · Feishu AI news channel, monitoring global AI hotspots and news 24/7. (Source: BlockBeats)
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