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Rezolve AI Shareholders Approve Up to $300 Million Stock Buyback Plan, Maintain 2026 Revenue Guidance

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On June 30, Nasdaq-listed AI business company Rezolve AI (NASDAQ: RZLV) announced that its shareholders have approved a stock buyback authorization of up to $300 million at the annual shareholder meeting, clearing the way for the initiation of the buyback plan. Rezolve AI stated that this buyback plan still requires final approval from a UK court under the Companies Act 2006, which is expected to be completed by mid-September 2026, after which the buyback will be initiated based on market conditions. The company also reaffirmed its revenue guidance of approximately $360 million for the fiscal year 2026, representing an increase of about 7.5 times compared to the fiscal year 2025, and anticipates that the annual recurring revenue (ARR) will 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, exceeding the total revenue for the fiscal year 2025, and the number of global enterprise customers has now surpassed 1,000. Rezolve AI stated that the stock buyback plan aims to narrow the gap between the company's market valuation and business growth, and it will continue to advance the application of its AI business platform, Brain Suite, in sectors such as retail, branding, and financial institutions.
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