Rezolve Ai Converts $59 Million in Variable Rate Convertible Loans Before Year-End, Strengthening Financial Position for 2025
Rezolve AI Limited(RZLV) GlobeNewswire·2024-12-30 22:43
NEW YORK, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ: RZLV), a leader in AI-driven retail solutions, announces the successful conversion of variable rate convertible loans, totalling approximately $59 million, before the end of 2024. This includes the full settlement of approximately $10 million in loans with Yorkville Advisors and the approximately $49 million in loans previously announced. The move eliminates these instruments from the company’s balance sheet through conversion into shares rathe ...