| Related Party Disclosure |
13.Related party disclosures Key managerial personnel (KMP) and Members of their immediate families
|
|
|
Dan Wagner |
|
Director and chief executive officer |
Richard Burchill |
|
Chief financial officer |
Sauvik Banerjjee |
|
Chief executive officer, products, technology and digital services |
Salman Ahmad |
|
Chief technical officer |
Peter Vesco |
|
Chief commercial officer |
Arthur Yao (1) |
|
Chief executive officer, Rezolve China |
Anthony Sharp |
|
Non-executive deputy chairman |
Sir David Wright |
|
Non-executive director |
Steve Perry |
|
Non-executive director |
Derek Smith |
|
Non-executive director |
Igor Lychagov |
|
Non-Executive director (resigned May 19, 2023) |
Susan Wagner |
|
Member |
Transactions and outstanding balances of related parties were as follows: Transactions during the year
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December 31, 2024 |
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|
December 31, 2023 |
|
Share Capital Issued at nominal value |
|
|
|
|
|
|
|
|
Brooks Newmark |
|
$ |
|
2,977 |
|
|
$ |
— |
|
Igor Lychagov |
|
|
|
150 |
|
|
|
— |
|
Convertible promissory notes repaid |
|
|
|
|
|
|
|
|
DBLP Sea Cow (2) |
|
|
|
1,250,000 |
|
|
|
— |
|
Adam Wagner |
|
|
|
31,250 |
|
|
|
— |
|
John Wagner |
|
|
|
19,844 |
|
|
|
— |
|
Arthur Yao |
|
|
|
93,750 |
|
|
|
— |
|
Loans Repaid |
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|
|
|
|
|
|
|
DBLP Sea Cow (2) |
|
|
— |
|
|
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|
250,000 |
|
Convertible promissory notes taken |
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|
|
|
|
|
|
|
DBLP Sea Cow Ltd. |
|
|
|
1,250,000 |
|
|
|
— |
|
Adam Wagner |
|
|
|
31,250 |
|
|
|
— |
|
John Wagner |
|
|
|
19,844 |
|
|
|
— |
|
Arthur Yao |
|
|
|
93,750 |
|
|
|
— |
|
Debt converted into shares, including interest |
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|
|
|
|
|
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|
Igor Lychagov |
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|
|
3,559,380 |
|
|
|
— |
|
Convertible Loans taken |
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|
|
|
|
|
|
|
Steve Perry |
|
|
— |
|
|
|
|
132,269 |
|
Loans Taken |
|
|
|
|
|
|
|
|
Dan Wagner |
|
|
|
4,463,322 |
|
|
|
|
191,405 |
|
Igor Lychagov |
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|
— |
|
|
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|
5,587,343 |
|
Managerial remuneration |
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|
|
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Key Management Personnel |
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|
|
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|
|
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|
Dan Wagner |
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|
306,725 |
|
|
|
|
296,067 |
|
Salman Ahmad |
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|
|
230,044 |
|
|
|
|
222,535 |
|
Richard Burchill |
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|
|
281,164 |
|
|
|
|
271,395 |
|
Sauvik Banerjee |
|
|
— |
|
|
|
|
393,440 |
|
|
|
$ |
|
817,933 |
|
|
$ |
|
1,183,437 |
|
Sales and marketing |
|
|
|
|
|
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|
393,440 |
|
General and Administrative |
|
|
|
817,933 |
|
|
|
|
789,997 |
|
|
|
$ |
|
817,933 |
|
|
$ |
|
1,183,437 |
|
Share-based compensation |
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|
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|
DBLP Sea Cow (2) |
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61,230,453 |
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|
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|
756,944 |
|
Richard Burchill |
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|
1,153,439 |
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1,326,703 |
|
Salman Ahmad |
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|
228,056 |
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|
222,535 |
|
Peter Vesco |
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|
194,722 |
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|
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|
60,556 |
|
Arthur Yao (1) |
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194,722 |
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60,556 |
|
Sauvik Banerjee |
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|
— |
|
|
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|
842,746 |
|
|
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$ |
|
63,001,392 |
|
|
$ |
|
3,270,040 |
|
Sales and marketing |
|
|
|
389,444 |
|
|
|
|
963,858 |
|
General and Administrative |
|
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|
62,611,948 |
|
|
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2,306,182 |
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$ |
|
63,001,392 |
|
|
$ |
|
3,270,040 |
|
Consulting fees |
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|
DBLP Sea Cow (2) |
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300,000 |
|
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|
300,000 |
|
Peter Vesco |
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|
321,675 |
|
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|
414,926 |
|
Arthur Yao (1) |
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300,000 |
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|
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300,000 |
|
|
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$ |
|
921,675 |
|
|
$ |
|
1,014,926 |
|
Sales and marketing |
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|
|
621,675 |
|
|
|
|
714,926 |
|
General and Administrative |
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|
|
300,000 |
|
|
|
|
300,000 |
|
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$ |
|
921,675 |
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|
$ |
|
1,014,926 |
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Director remuneration |
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|
Sir David Wright |
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|
95,852 |
|
|
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|
92,521 |
|
Anthony Sharp |
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|
383,406 |
|
|
|
|
380,084 |
|
Steve Perry |
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|
95,852 |
|
|
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|
92,521 |
|
Derek Smith |
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|
95,852 |
|
|
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|
92,521 |
|
|
|
$ |
|
670,961 |
|
|
$ |
|
657,647 |
|
Sales and marketing |
|
|
— |
|
|
|
— |
|
General and Administrative |
|
|
|
670,961 |
|
|
|
|
657,647 |
|
|
|
$ |
|
670,961 |
|
|
$ |
|
657,647 |
|
Management remuneration |
|
|
|
|
|
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|
Sales and marketing |
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|
1,011,119 |
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|
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|
2,072,224 |
|
General and Administrative |
|
|
|
64,400,841 |
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|
|
|
4,053,826 |
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$ |
|
65,411,960 |
|
|
$ |
|
6,126,050 |
|
Business development expenses |
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|
|
|
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Rezolve China (3) |
|
$ |
|
4,750,430 |
|
|
$ |
|
777,161 |
|
1.Amounts paid to Arthur Yao were paid out of Rezolve Limited in the UK. The Company’s operations in China have since been liquidated through the Demerger (Refer to Note 2.1—Basis of presentation). 2.DBLP Sea Cow Ltd. (a company incorporated in the Seychelles) (“DBLP Sea Cow”) is wholly legally owned by Dan Wagner, Chief Executive Officer of Rezolve. 3.The Company has expensed all cash transferred to its former subsidiary Rezolve China (Refer to Note 2.1—Basis of presentation). Outstanding balances as at reporting date
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|
December 31, 2024 |
|
|
December 31, 2023 |
|
Short term debt to related party |
|
|
|
|
|
|
|
|
DBLP Sea Cow (2) |
|
$ |
|
447,067 |
|
|
$ |
|
447,067 |
|
Daniel Wagner |
|
|
|
4,655,144 |
|
|
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|
191,405 |
|
Igor Lychagov |
|
|
|
— |
|
|
|
|
5,587,343 |
|
|
|
|
|
5,102,211 |
|
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|
6,225,815 |
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Due to related party |
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|
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|
|
|
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|
DBLP Sea Cow (2) |
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|
|
— |
|
|
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|
350,000 |
|
Daniel Wagner |
|
|
|
899,978 |
|
|
|
|
147,605 |
|
Arthur Yao |
|
|
|
137,019 |
|
|
|
|
61,945 |
|
Peter Vesco |
|
|
|
— |
|
|
|
|
31,248 |
|
Steve Perry |
|
|
|
17,433 |
|
|
|
|
1,133 |
|
Sauvik Banerjjee |
|
|
|
— |
|
|
|
|
58,320 |
|
Anthony Sharp |
|
|
|
— |
|
|
|
|
127,325 |
|
|
|
|
|
1,054,429 |
|
|
|
|
777,576 |
|
Short term convertible debt |
|
|
|
|
|
|
|
|
Steve Perry |
|
|
|
95,309 |
|
|
|
|
132,269 |
|
Share Subscription Receivables |
|
|
|
|
|
|
|
|
Daniel Wagner |
|
|
|
— |
|
|
|
|
111,845 |
|
DBLP Sea Cow (2) |
|
|
|
— |
|
|
|
|
7,999 |
|
|
|
|
|
— |
|
|
|
|
119,844 |
|
2.DBLP Sea Cow Ltd. (a company incorporated in the Seychelles) (“DBLP Sea Cow”) is wholly legally owned by Dan Wagner, Chief Executive Officer of Rezolve. |