Rezolve AI Limited's $15M Offering: Shares & Warrants Detailed

Here's a summary of the key information extracted from the financial report section regarding Rezolve AI Limited:

Offering Details:

Date of Completion: December 23, 2024.
Nature of Offering: Rezolve AI Limited completed a registered offering of:
- 5,000,000 Ordinary Shares (par value £0.0001 per share).
- 5,000,000 warrants, each exercisable for an Ordinary Share.
Offering Price: Each Ordinary Share and accompanying warrant was priced at $3.00.

Warrant Specifications:

Exercise Price: $3.00 per share.
Exercisability: Warrants are exercisable immediately upon issuance.
Expiration: The earlier of:
- 30 days after the Ordinary Shares' volume-weighted average price is at or above $6.00 for five consecutive trading days.
- Five years from the date of issuance.

Placement Agent:

H.C. Wainwright & Co., LLC acted as the placement agent for the offering.
The Company paid a cash fee of 5.5% of the aggregate gross proceeds and reimbursed certain expenses and legal fees.

Registration:

The offering was made pursuant to a registration statement on Form F-1 (File No. 333-283622), which was declared effective by the SEC on December 19, 2024.

Financial Proceeds:

Net Proceeds: The Company received approximately $13.8 million after deducting offering expenses, including placement agent commissions and fees.
Use of Proceeds: The funds will be used for working capital, repayment of convertible debt, and general corporate purposes.

Additional Information:

A press release regarding the pricing of the offering was issued on December 19, 2024, and is included as an exhibit to the report.

This information provides a clear overview of the offering, including the financial implications for the company, the terms regarding the warrants, and how the proceeds will be utilized.