Rezolve AI Limited 6-K Report: $250M Equity Deal & Convertible Notes Insights

Here are the key insights extracted from the provided section of the financial report:

1. Company Overview:

• The report is from Rezolve AI Limited, a foreign private issuer based in London, United Kingdom.

2. SEC Filing Type:

• This document is a Form 6-K, a report that foreign companies use to disclose material information to investors.

3. Standby Equity Purchase Agreement:

• On February 23, 2023, Rezolve Limited entered into a $250 million standby equity purchase agreement with YA II PN, LTD, a Cayman Islands company. This agreement was amended and restated on February 2, 2024.

4. Convertible Promissory Notes:

• In connection with the amended agreement, Rezolve issued a convertible promissory note for $2.5 million, referred to as the "First YA Note."

5. Subsequent Amendments:

• On September 6, 2024, the agreement was further amended to include an additional prepaid advance arrangement totaling $7.5 million, disbursed in three tranches. The first two tranches amounted to $5 million and $2.5 million, respectively.

6. Conversion of Notes:

• As of the report date, all principal and interest amounts owed under the YA Notes were converted into an aggregate of 5,724,154 ordinary shares of the company. No amounts remain outstanding under the YA Notes.

7. Press Release:

• On December 30, 2024, a press release was issued to announce the conversion of the YA Notes, which is included as Exhibit 99.1 in the report.

8. Management:

• The report is signed by Daniel Wagner, who serves as the Chief Executive Officer and Chairman of the company.

9. Report Date:

• The reporting date is December 31, 2024.

These points summarize the significant financial activities and structural changes related to Rezolve AI Limited as reported in the 6-K filing.