Shares in Rezolve AI Ltd rose nearly 12% on Tuesday after shareholders approved a capital reduction and a share repurchase programme worth up to 300 million US dollars, paving the way for the artificial intelligence company to return capital to investors.
The approval was granted at the company’s Annual General Meeting and authorises the Board to repurchase ordinary shares once the required approval is obtained from the UK Court under the UK Companies Act 2006.
Rezolve AI, which trades on the NASDAQ under the ticker RZLV, said the buyback follows strong business momentum, with unaudited first-quarter 2026 revenue surpassing its total revenue for the whole of the 2025 financial year.
The company reported approximately 60 million US dollars in unaudited revenue during the first quarter of 2026 and reaffirmed its full-year revenue forecast of around 360 million US dollars. The projection represents roughly 7.5 times the company’s 2025 revenue.
Rezolve AI also said it expects to end 2026 with at least 500 million US dollars in annual recurring revenue, highlighting continued expansion across its customer base. The company now serves more than 1,000 enterprise customers worldwide.
The proposed capital reduction remains subject to approval by the UK Court. Rezolve AI expects the process to be completed by mid-September 2026 and plans to begin repurchasing shares as soon as practicable afterwards, subject to market conditions and the Board’s discretion.
Under the programme, the company may buy back shares through open market purchases, block trades or privately negotiated transactions. However, the authorisation does not require the company to repurchase any specific number of shares and may be suspended, amended or terminated at any time.
Rezolve AI said its Brain Suite platform helps retailers, brands and financial institutions improve customer engagement through intelligent search, conversational AI, personalised recommendations and AI-powered transaction capabilities.
