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5 January 20224 minute read

DLA Piper advises Armada Acquisition Corp. in US$2 billion combination with Rezolve

DLA Piper represented Armada Acquisition Corp. I (NASDAQ: AACI), a publicly traded special purpose acquisition company, in a definitive business combination agreement with Rezolve, a leader in mobile commerce and engagement. The proposed combination values the newly enlarged Rezolve, which is expected to trade on NASDAQ under the ticker symbol “ZONE,” with a market capitalization of approximately US$2 billion.

Rezolve is an enterprise SaaS platform designed for mobile commerce and engagement. The platform allows merchants and brands to convert media into an interactive experience on a mobile device, which can drive a meaningful increase in consumer engagement and purchase activity. Rezolve currently has go-to-market partner agreements with leading global players that have a combined reach of more than 20 million merchants and more than 1 billion consumers across China, Asia and Europe. Rezolve’s platform currently serves more than 150,000 of those merchants today.

“We were thrilled to work with Armada on this important, multi-jurisdictional deal to position Rezolve as a global leader in mobile transformation,” said Gerry Williams, chair of DLA Piper’s Georgia Corporate and Securities practice and vice chair of the firm’s Southeast Private Equity group. “Our depth of experience in the private equity and e-commerce spaces made us a natural fit to advise on this transaction, and we look forward to both parties’ continued success.”

In addition to Williams (Atlanta), the DLA Piper team representing Armada included partners Penny Minna (Baltimore), Forrest Neal (Atlanta), Frank Mugabi (New York) and Jonathan Watkins (Manchester), and associates Tristan Meagher (Baltimore) and Angela Vadala (Atlanta).

DLA Piper’s Private Equity practice includes more than 100 US lawyers who provide strategic counsel to private equity funds and the industry-leading companies they invest in. Pitchbook has repeatedly recognized DLA Piper as the second most active private equity law firm globally, further solidifying the strength of the firm’s team and its depth of experience executing private equity transactions.