Mobile commerce platform Rezolve entered into a definitive business combination agreement with Armada Acquisition I at a $2 billion pro forma market capitalization. If approved, upon closing the combined company’s shares are expected to trade on the Nasdaq under ticker symbol ZONE.
The combined business will receive approximately $150 million from Armada’s trust account, assuming no redemptions, together with approximately $40 million in additional investment proceeds. The proposed business combination values Rezolve group at a pro forma enterprise value of approximately $1.8 billion. The comapnies said they may seek additional debt or equity capital before closing the deal.. Read more.
