Post Merger/DeSPAC Highlights (Sep, 30 – Oct, 06)

Microsoft and Rezolve AI Team Up to Revolutionize Retail with AI

REZOLVE GROUP Ltd (RZLV)
Armada Acquisition Corp. I (AACI)

Microsoft and Rezolve AI Team Up to Revolutionize Retail with AI

Microsoft and Rezolve AI have joined forces to bring the power of generative AI to retailers worldwide. This strategic partnership will see Rezolve AI’s Brain Suite, a collection of AI-powered commerce solutions, integrated with Microsoft Azure and made available on the Azure Marketplace.

This collaboration aims to help retailers enhance customer experiences and streamline operations. Rezolve AI’s Brain Suite offers tools like Brain Commerce, Brain Checkout, and Brain Assistant, which utilize AI to personalize interactions, simplify transactions, and boost sales. By leveraging Azure’s global reach and robust infrastructure, retailers can access and deploy these solutions seamlessly.

Microsoft will provide extensive support to Rezolve AI, including joint marketing campaigns and access to its vast sales network. This will help accelerate the adoption of these innovative AI solutions, enabling retailers to remain competitive in the evolving digital landscape.

The partnership signifies a major step towards integrating AI into the retail sector, promising to transform how businesses engage with customers and manage their operations.

Hycroft Expands Vortex Silver and Gold Discovery with Promising Drill Results

HYCROFT MINING HOLDING CORP (HYMC)
Mudrick Capital Acquisition Corp (MUDS)

Hycroft Mining Holding Corporation (Nasdaq: HYMC) has reported encouraging results from its 2024 exploration drilling program at the Hycroft Mine in Nevada. The drilling has successfully extended the high-grade silver mineralization at the Vortex zone by approximately 100 meters to the west and south.

Significant intercepts include:

• Extension of Vortex: Drilling confirms the continuity of high-grade silver mineralization and expands the known extent of the Vortex zone.
• High-Grade Silver: Multiple intervals exceeding 1000 g/t silver were encountered.
• Gold Discovery: Significant gold intercepts were also discovered within the silver-dominant trend, including 1.5 meters of 4.78 g/t gold.
• Potential Feeder Zone: A potential feeder zone for the mineralization was identified, with follow-up drilling planned.

These results highlight the potential for further expansion of the Vortex zone and the discovery of additional high-grade silver and gold mineralization at the Hycroft Mine. The company remains well-funded with $56 million in cash and is committed to advancing the project through further drilling and technical studies.

Falcon’s Beyond Global, Inc. (FBYD)
FAST Acquisition Corp. II (FZT)

Falcon’s Beyond Global, Inc. (NASDAQ: FBYD), a leader in immersive entertainment experiences, has announced a stock dividend of 0.2 shares for each share of Class A common stock held. This dividend will be payable on December 17, 2024, to shareholders of record as of December 10, 2024.

This move aims to enhance shareholder value and optimize the company’s capital structure following its de-SPAC transaction and Nasdaq listing in October 2023.

In addition to the dividend, Falcon’s Beyond is canceling 17.5 million performance-based earnout shares. This action simplifies the company’s balance sheet by eliminating liabilities associated with these shares, which were linked to specific financial targets.

Furthermore, the company has appointed Gino P. Lucadamo to its Audit Committee, strengthening corporate governance. Mr. Lucadamo brings extensive entrepreneurial and financial experience from his career in the construction industry.

These initiatives demonstrate Falcon’s Beyond’s commitment to driving growth and delivering value for its shareholders as it approaches its first anniversary as a publicly traded company.

Gorilla Technology Group Explodes in H1 2024 with 222% Revenue Growth and Record Profits

Gorilla Technology Group Inc. (GRRR)
Global SPAC Partners (GLSP)

Gorilla Technology Group Inc. (NASDAQ: GRRR) has announced impressive financial results for the first half of 2024, demonstrating remarkable growth and profitability. Revenue surged by an astounding 222% to $20.67 million, compared to $6.43 million in H1 2023. This significant increase highlights the strong demand for Gorilla’s AI-driven solutions across various sectors.

Profitability also soared, with gross profit reaching $17.68 million, a 456% increase from the previous year. The company achieved a remarkable turnaround with an operating profit of $1.77 million, compared to a loss of $7.29 million in H1 2023. Net profit reached $1.61 million, a significant improvement from the $7.27 million net loss reported in the same period last year.

These outstanding results underscore Gorilla’s successful strategic realignment and focus on operational efficiency. The company has significantly strengthened its market position and is poised for continued growth in the second half of 2024 and beyond.

Driven by a strong project pipeline and expansion into key markets, Gorilla projects full-year revenues to exceed $72 million. The company remains committed to its AI-driven approach and is confident in its ability to deliver continued value to shareholders.

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