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Rezolve AI Reports Significant Growth Amid Short Seller Allegations
U.K.-based Rezolve AI (NASDAQ: RZLV) saw its share price increase by over 33% in September 2023, following the launch of a new Visual Search feature and a $200 million oversubscribed private placement round aimed at international expansion. The company initiated non-deal roadshows on September 8, attracting potential institutional investors.
However, the positive momentum was dampened by a report from short seller Fuzzy Panda Research, which accused Rezolve AI of misrepresenting its AI capabilities and details regarding its partnerships with companies like Microsoft and Google. Rezolve AI has publicly rejected these claims, labeling them as misleading and inaccurate.
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