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Related Party Disclosures
 6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Related Party Disclosure

10. Related party disclosures

 

Key managerial personnel (KMP) and Members of their immediate families

 

Daniel Wagner

 

Chief Executive Officer and Director

Richard Burchill

 

Chief Financial Officer

Sauvik Banerjjee

 

Global President and Chief Digital Officer

Salman Ahmad

 

Chief Technology Officer

Peter Vesco

 

Chief Commercial Officer and General Manager (EMEA)

Arthur Yao

 

Deputy Chief Executive Officer

Anthony Sharp

 

Non-Executive Director - Class II Director

Sir David Wright

 

Non-Executive Director - Class II Director

Steve Perry

 

Non-Executive Director - Class II Director

John Wagner

 

Former Non-Executive Director - Class II Director (deceased)

Derek Smith

 

Non-Executive Director - Class II Director

 

Transactions with related parties during the period

 

 

Six months ended
June 30, 2025

 

 

Six months ended
June 30, 2024

 

Share Capital issued at nominal value

 

 

 

 

 

 

 

 

Peter Vesco

 

$

 

24

 

 

$

—

 

DBLP Sea Cow Ltd. (1)

 

 

 

1,984

 

 

 

—

 

Convertible promissory notes repaid

 

 

 

 

 

 

 

 

Estate of John Wagner

 

 

 

2,915

 

 

 

—

 

Anthony Sharp

 

 

 

23,079

 

 

 

—

 

Loans Repaid

 

 

 

 

 

 

 

 

Daniel Wagner

 

 

 

4,654,727

 

 

 

 

 

DBLP Sea Cow Ltd. (1)

 

 

 

447,067

 

 

 

—

 

Convertible promissory notes taken

 

 

 

 

 

 

 

 

DBLP Sea Cow Ltd.

 

 

—

 

 

 

 

1,250,000

 

Adam Wagner

 

 

—

 

 

 

 

31,250

 

John Wagner

 

 

—

 

 

 

 

19,844

 

Arthur Yao

 

 

—

 

 

 

 

93,750

 

Steve Perry

 

 

—

 

 

 

 

63,500

 

Sauvik Banerjee

 

 

—

 

 

 

 

27,413

 

Anthony Sharp

 

 

—

 

 

 

 

79,250

 

Reimbursement of expenses

 

 

 

 

 

 

 

 

Daniel Wagner

 

 

—

 

 

 

 

50,000

 

Managerial remuneration

 

 

 

 

 

 

 

 

Key Management Personnel

 

 

 

 

 

 

 

 

Daniel Wagner

 

 

 

155,613

 

 

 

 

151,799

 

Salman Ahmad

 

 

 

155,613

 

 

 

 

113,849

 

Richard Burchill

 

 

 

166,420

 

 

 

 

139,149

 

Sauvik Banerjee

 

 

—

 

 

 

 

195,075

 

 

$

 

477,647

 

 

$

 

599,872

 

Sales and marketing

 

 

 

—

 

 

 

 

195,075

 

General and Administrative

 

 

 

477,647

 

 

 

 

404,797

 

 

$

 

477,647

 

 

$

 

599,872

 

Share-based compensation

 

 

 

 

 

 

 

 

DBLP Sea Cow Ltd. (1)

 

 

 

5,325,000

 

 

 

 

1,250,000

 

Richard Burchill

 

 

 

155,833

 

 

 

 

673,282

 

Salman Ahmad

 

 

 

155,833

 

 

 

—

 

Peter Vesco

 

 

 

155,833

 

 

 

 

100,000

 

Arthur Yao

 

 

 

155,833

 

 

 

 

100,000

 

Sauvik Banerjee

 

 

 

95,604

 

 

 

 

345,896

 

 

$

 

6,043,937

 

 

$

 

2,469,178

 

Sales and marketing

 

 

 

407,270

 

 

 

 

200,000

 

General and Administrative

 

 

 

5,636,667

 

 

 

 

2,269,178

 

 

$

 

6,043,937

 

 

$

 

2,469,178

 

Consulting fees

 

 

 

 

 

 

 

 

DBLP Sea Cow Ltd. (1)

 

 

 

150,000

 

 

 

 

150,000

 

Peter Vesco

 

 

 

212,762

 

 

 

 

189,749

 

Arthur Yao

 

 

 

150,000

 

 

 

 

150,000

 

 

$

 

512,762

 

 

$

 

489,749

 

Sales and marketing

 

 

 

362,762

 

 

 

 

339,749

 

General and Administrative

 

 

 

150,000

 

 

 

 

150,000

 

 

$

 

512,762

 

 

$

 

489,749

 

Director remuneration

 

 

 

 

 

 

 

 

Sir David Wright

 

 

 

45,387

 

 

 

 

46,157

 

Anthony Sharp

 

 

 

205,819

 

 

 

 

184,627

 

Steve Perry

 

 

 

48,629

 

 

 

 

46,157

 

Derek Smith

 

 

 

48,629

 

 

 

 

46,157

 

 

$

 

348,465

 

 

$

 

323,098

 

Sales and marketing

 

 

 

—

 

 

 

 

—

 

General and Administrative

 

 

 

348,465

 

 

 

 

323,098

 

 

$

 

348,465

 

 

$

 

323,098

 

Management remuneration

 

 

 

 

 

 

 

 

Sales and marketing

 

 

 

770,032

 

 

 

 

734,824

 

General and Administrative

 

 

 

6,612,778

 

 

 

 

3,147,073

 

 

$

 

7,382,811

 

 

$

 

3,881,897

 

Business development expenses

 

 

 

 

 

 

 

 

Rezolve China (2)

 

$

 

151,353

 

 

$

—

 

 

Outstanding balances as at reporting date

 

 

June 30, 2025

 

 

December 31, 2024

 

Short term debt to related party

 

 

 

 

 

 

 

 

DBLP Sea Cow Ltd. (1)

 

$

 

—

 

 

$

 

447,067

 

Daniel Wagner

 

 

 

—

 

 

 

 

4,655,144

 

Due from related party

 

 

 

 

 

 

 

DBLP Sea Cow Ltd. (1)

 

 

 

50,000

 

 

 

 

—

 

Daniel Wagner

 

 

 

141,802

 

 

 

 

—

 

Richard Burchill

 

 

 

1,022

 

 

 

 

—

 

Due to related party

 

 

 

 

 

 

 

 

Daniel Wagner

 

 

 

—

 

 

 

 

899,978

 

Arthur Yao

 

 

 

45,966

 

 

 

 

137,019

 

Steve Perry

 

 

 

—

 

 

 

 

17,433

 

Short-term convertible debt

 

 

 

 

 

 

 

 

Steve Perry

 

 

 

108,047

 

 

 

 

95,309

 

Share Subscription Receivables

 

 

 

 

 

 

 

 

Peter Vesco

 

 

 

19

 

 

 

 

—

 

Daniel Wagner

 

 

 

1,547

 

 

 

 

—

 

DBLP Sea Cow Ltd. (1)

 

 

 

80

 

 

 

 

—

 

 

1.
DBLP Sea Cow Ltd. (a company incorporated in the Seychelles) (“DBLP Sea Cow”) is wholly legally owned by Daniel Wagner, Chief Executive Officer of Rezolve.
2.
The Company has expensed all cash transferred to its former subsidiary Rezolve China (Refer to Note 2.1—Basis of presentation).