Rezolve AI Responds to Commerce.com Stockholder Rights Plan
Rezolve AI (RZLV) on Tuesday responded to Commerce.com's (CMRC) adoption of a stockholder rights plan, saying it believes the measure could hinder shareholders from considering a higher-value acquisition proposal.Commerce.com's claim that its proposal implies a 47% discount is based on a single day's closing price and does not reflect the company's analyst consensus target price of $11, contracted 2026 revenue of $232 million, or full-year guidance of $360 million, Rezolve said.The company said valuing the proposal based on a historical spot price is misleading and does not reflect the potential value of a combined platform. Rezolve AI said it is assessing whether the rights plan complies with applicable law and fiduciary duties.Price: $2.59, Change: $+0.05, Percent Change: +1.97%
