#stock buyback Tech News.
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Rezolve AI shares rose 10.1% Friday after the company announced a proposed $300 million stock buyback. The board will present the plan at the annual shareholder meeting, arguing the current $1.2 billion market cap undervalues the business. The AI startup expects $360 million in sales this fiscal year.
Shopify expanded its share repurchase program by $3 billion on June 2, raising total authorization to $5 billion. CFO Jeff Hoffmeister said the move balances merchant-focused product investment with shareholder returns. The company had already repurchased about $1.45 billion under the existing authorization as of June 1.
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