Rezolve to Make Hostile Bid for Commerce.com as Talks Fail (1)

Rezolve AI Plc is taking a takeover proposal directly to Commerce.com Inc. shareholders after talks with the board and management faltered.

Rezolve is offering one of its own shares for every two shares of Commerce.com, according to a letter to investors reviewed by Bloomberg News. The offer to shareholders came after Rezolve earlier offered a 1-for-1 per share exchange to the Commerce.com board before it was rejected, Rezolve AI Chief Executive Officer Daniel Wagner wrote.

“In doing so, they did not just ignore us. They ignored you,” Wagner said in the letter to shareholders. “That offer is now permanently off ...