Rezolve to go public via a SPAC merger with Armada Acquisition I in a $1.8bn deal.

Rezolve, a mobile commerce and engagement company, agreed to go public via a SPAC merger with Armada Acquisition I, a SPAC, in a $1.8bn deal. The transaction is expected to result in $190m in gross proceeds, including $150m in trust and c. $40m of additional capital from Christian Angermayer and Betsy Cohen. “We believe mobile commerce is the future and our proprietary technology enables physical merchants to tap into this potentially massive opportunity. I have been working on this problem since 2007 and founded Rezolve in 2016 to solve it. We now have the technology platform solution and go to market partnerships that strongly positions Rezolve to take advantage of what we see as a near $500 billion global market opportunity over time. We expect the proceeds from this transaction will allow us to significantly accelerate adoption and market growth going forward," Dan Wagner, Rezolve Founder and CEO.