FINWIRES · TerminalLIVE
FINWIRES

Rezolve AI to Seek Authorization for Planned $300 Million Share Buyback

By

Rezolve AI (RZLV) said Friday its board will seek authorization to approve a capital reduction and share repurchases of up to $300 million, citing confidence in its outlook and valuation.

The company said it plans to begin repurchases following UK court approval of the capital reduction, using existing cash.

The company also said it is exploring non-dilutive financing and capital initiatives to support the buyback program over time while preserving flexibility for M&A and growth. The timing and size of buybacks will depend on market conditions and approvals, and the program may be modified or suspended at any time, it added.

Rezolve AI share were up more than 9% in early Friday trading.

Price: $2.77, Change: $+0.24, Percent Change: +9.29%

Related Articles

Wire

Cosmos Health Signs Letter of Intent to Buy Doc Pharma

Cosmos Health (COSM) said late Thursday it has signed a non-binding letter of intent to acquire Doc Pharma, a fully licensed GMP pharmaceutical manufacturer.The proposed acquisition is part of its plan to build an end-to-end healthcare platform, the company said.Doc Pharma has an asset base of about $24 million and generated some $6.7 million in three-year average annual revenue, it added.Price: $0.21, Change: $-0.02, Percent Change: -10.00%

$COSM
Wire

Top Cryptocurrencies Rise; Bitcoin Tops $63,000

Major digital assets rose Thursday, with Bitcoin (BTC-USD) topping $63,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose almost 3.3% in the past 24 hours. The Nasdaq 100 climbed 3.1%, the S&P 500 gained 1.7%, and the Dow Jones Industrial Average increased 1.9%.Bitcoin rose 2.7% to $63,605, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 6.2% to $30.14 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, added 3.3% to $1,681.XRP (XRP-USD) rose 3.9%, BNB (BNB-USD) added 2.8%, and Solana (SOL-USD) gained 5.2%. Dogecoin (DOGE-USD) increased 3.9%, while Cardano (ADA-USD) surged 5.2%.The US 10-year Treasury yield stood at 4.461% at 3 p.m. ET Thursday, down from 4.540% Wednesday, while the five-year yield fell to 4.188% from 4.262%.The total market value of the cryptocurrency industry rose 2.7% in the past 24 hours to $2.18 trillion, with trading volume gaining 7.5% to $79.48 billion.Price: $63603.31, Change: $+2147.14, Percent Change: +3.49%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

Agnico Eagle Gets Final Court Approval for Rupert Resources Takeover

Agnico Eagle Mines (AEM) is on track to complete its takeover of Rupert Resources (RUP) next week after the Supreme Court of British Columbia granted final approval.Rupert said Thursday its shareholders will receive 0.0401 of an Agnico Eagle share per share held, plus a contingent value right of up to 3 Canadian dollars ($2.15) in cash tied to milestones over a 10-year period.The court order follows approval by Rupert securityholders at a special meeting on Tuesday.Price: $158.47, Change: $+5.99, Percent Change: +3.93%

$AEM