Lychagov Amends Rezolve AI Ownership Filing

TL;DR

Lychagov filed an update on his Rezolve AI stake. Check the filing for details.

AI Summary

Igor Lychagov filed an amendment to Schedule 13D on August 26, 2024, regarding his beneficial ownership of Rezolve AI Limited. The filing indicates a change in the date of the event requiring the filing to August 22, 2024. Lychagov's address is listed as c/o LakeShore International Management AG in Luzern, Switzerland.

Why It Matters

This amendment updates information related to beneficial ownership, which is crucial for investors to understand who controls significant stakes in the company.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant changes in control or investment strategy, which can introduce volatility.

Key Players & Entities

• Igor Lychagov (person) — Filing person and beneficial owner
• Rezolve AI Limited (company) — Subject company
• LakeShore International Management AG (company) — Address for Igor Lychagov

FAQ

Key Financial Figures

• $0.0001 — e of Issuer) Ordinary Share, par value $0.0001 (Title of Class of Securities) G75398
• $7 — of the Issuer at a conversion price of $7 per share, in accordance with the terms

Filing Documents

• tm2422711d1_sc13da.htm (SC 13D/A) — 26KB
• 0001104659-24-092861.txt ( ) — 28KB

Security and Issuer

Item 1. Security and Issuer. As of the IPO date of August 15, 2024, if fully converted, the loan notes would be converted into 1,194,051 ordinary shares of the Issuer at a conversion price of $7 per share, in accordance with the terms of the loan agreement. No other changes have been made to Item 1 from the Original Schedule 13D.

Identity and Background

Item 2. Identity and Background. No changes have been made to Item 2 from the Original Schedule 13D.

Source or Amount of Funds or Other Consideration

Item 3. Source or Amount of Funds or Other Consideration. No changes have been made to Item 3 from the Original Schedule 13D.

Purpose of Transaction

Item 4. Purpose of Transaction. No changes have been made to Item 4 from the Original Schedule 13D.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. a. The Reporting Person beneficially owns, together with loan notes that when fully converted translates into 1,194,051 ordinary shares, a total of 35,965,051 Ordinary shares of the Issuer, representing approximately 20.89% of the Issuer’s outstanding Ordinary shares. These include the previously held Series A shares, which have been reclassified as Ordinary shares, as well as ordinary shares and the loan notes that when fully converted translate into 1,194,051 ordinary shares. The percentage of 20.89% is based on 172,182,179 Ordinary shares outstanding as of 08/22/2024. No other changes have been made to Item 5 from the Original Schedule 13D

Contracts, Arrangements, Understandings or Relationships

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. No changes have been made to Item 6 from the Original Schedule 13D.

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits. No changes have been made to Item 7 from the Original Schedule 13D. CUSIP No. G75398100 13D Page 4 of 4 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Igor Lychagov Insert Name Shareholder Insert Title August 26, 2024 Insert Date

View Full Filing

View this SC 13D/A filing on SEC EDGAR