Commerce.com Board Rejects Rezolve Ai’s Offer at 47% Discount
Commerce.com’s board rejected Rezolve Ai’s share-swap proposal to acquire all shares at one Rezolve Ai share for every two held, implying a 47% discount to April 7 closing price. This follows a February offer at a 29% discount and underscores the board’s view that both proposals undervalue the company.
1. Offer Details
Rezolve Ai proposed to acquire all Commerce.com shares by exchanging one Rezolve Ai share for every two Commerce.com shares, valuing the company at a 47% discount to its April 7 closing price. This follows a prior February proposal at a 29% discount to pre-rejection levels.
2. Board Response and Rationale
Commerce.com’s board unanimously determined that both the February and April proposals significantly undervalue the company’s market position and shareholder interests. Management affirmed that neither offer warranted further engagement due to the steep discounts and misalignment with long-term value creation.
3. Strategic Outlook
The board and management remain focused on advancing a material business transformation, with initiatives to improve efficiency, expand margins and invest in high-impact growth areas. Commerce.com emphasizes its AI-driven commerce ecosystem and agency commerce position as key drivers for future shareholder value.