Advising Rezolve on $2 billion SPAC deal to go public

We have advised fast-growing e-commerce platform, Rezolve, on its deal to go public via a $2 billion special purpose acquisition company (SPAC). 

Founded in 2016, Rezolve offers its customers a mobile shopping solution along with digital payments and e-marketing products. 

The deal with Armada Acquisition Corp I (AACI.O) will provide Rezolve with up to $190 million in gross proceeds, including $150 million from the special purpose acquisition company's trust account and a $40 million private investment from Betsy Cohen and German billionaire investor Christian Angermayer.

After the deal closes, Rezolve will list on Nasdaq, under the ticker symbol "ZONE".

Commenting on the transaction, Corporate Partner Robert Fenner, said: "We are delighted to have supported Dan and the whole Rezolve team on this transformational transaction. This is an incredibly exciting and innovative company and this deal will position the business as a leader of mobile commerce globally." 

Dan Wagner, Founder and CEO of Rezolve added: “This is a proud and important moment for our business. We are immensely grateful to Robert and the wider Taylor Wessing team who have been exceptional in every respect and provided tremendous value to us with their experience and highly innovative, commercial advice."

The team was led by Corporate Partner Robert Fenner, with support from Senior Associates Alex Dodds and James Homan, and Associate Rachael Potts. Additional advice was provided by Tax & Incentives Partner Liz Wilson and Senior Associate Katie Lewis.