Rezolve AI’s (RZLV) shares extended their 9.93% loss from Thursday, dropping a further 6.30% on Friday. The moves came on the heels of controversy over the London-based AI commerce solutions provider’s bid to take over industry peer Commerce.com (CMRC).
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Commerce.com Rejects Rezolve AI Buyout Offer
Commerce.com, founded in 2009, operates out of Texas as an e-commerce infrastructure provider. The company enables other businesses to launch and scale their e-commerce operations, with added offerings such as store design, catalog and order management, and checkout services.
On Wednesday, Commerce.com confirmed that it had received another unsolicited buyout offer from Rezolve AI, noting that the proposal “significantly undervalues the company” at a 47% discount to Commerce.com’s current share price.
The Texas-based company noted the offer was worse than an earlier February 20 offering from Rezolve AI that implied a 29% discount to its share price at the time. Commerce.com said it was focused on further scaling its “recent material business transformation.”
Rezolve AI Blasts Commerce.com As ‘Hallucinating a Turnaround’
In response to the rejection, Daniel M. Wagner, Rezolve AI’s chair and CEO, lambasted Commerce.com for rejecting his company’s acquisition offer, noting that “Commerce.com’s Board is hallucinating a turnaround that simply is not there.”
“A screen price is not liquidity, a rebrand is not transformation, and 3% [annual revenue] growth is not a recovery story,” Wagner said in a statement. “Shareholders are being asked to accept fiction as value while the Board rejects an offer from a business moving at an entirely different pace.”
Rezolve also pointed out that Commerce.com was guiding for as little as 1.5% revenue growth this year at a time when the company’s shares had lost 96% of their value. The British firm described itself as a “high-growth platform on track to deliver 7.5x year-on-year revenue growth.”
Rezolve further noted that 64% of its 2026 target was already contracted.
Is Rezolve AI a Good Stock to Buy?
On Wall Street, analysts consider Rezolve AI’s shares a Strong Buy based on their consensus rating. This breaks down into six Buys issued over the past three months.
In addition, the average RZLV price target of $10.75 suggests a massive 345.13% upside from current trading levels.
