Summary by Futu AI
Banzai International, Inc. (Banzai) has announced the filing of a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on March 25, 2024. This registration pertains to the Banzai International, Inc. 2023 Equity Incentive Plan and the 2023 Employee Stock Purchase Plan, which were adopted by the Board of Directors on November 13, 2023, and approved by stockholders on December 13, 2023. The plans aim to secure and retain services of employees, directors, and consultants, providing incentives for maximum efforts towards the company's success and offering them the opportunity to benefit from increases in the value of the company's common stock. The Equity Incentive Plan includes various awards such as Incentive Stock Options, Nonstatutory Stock Options, and Restricted Stock Awards, while the Employee Stock Purchase Plan allows eligible employees to purchase company stock at a discounted price. The registration statement includes detailed information about the plans, eligibility, administration, and the specific terms and conditions of the awards.