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Banzai International | 424B3: Prospectus

SEC announcement ·  Apr 9 04:10
Summary by Futu AI
Banzai International, Inc. has filed a prospectus supplement on April 8, 2024, to update and amend its previous prospectus dated February 14, 2024. The supplement includes information from the company's recent Current Reports filed with the SEC on March 28 and April 8, 2024. Banzai International, listed on The Nasdaq Global Market under the symbol 'BNZI', has been notified by Nasdaq of non-compliance with the minimum bid price and market value of publicly held shares for continued listing. The company's common stock closed at $0.49 per share, and its public warrants at $0.02 on April 5, 2024. Banzai International has until September 30, 2024, to regain compliance with Nasdaq's listing requirements. Additionally, the company's stockholders approved a proposal for the issuance of shares that may exceed 20% of the current outstanding shares to Yorkville Advisors Global, LP, under a Standby Equity Purchase Agreement.
Banzai International, Inc. has filed a prospectus supplement on April 8, 2024, to update and amend its previous prospectus dated February 14, 2024. The supplement includes information from the company's recent Current Reports filed with the SEC on March 28 and April 8, 2024. Banzai International, listed on The Nasdaq Global Market under the symbol 'BNZI', has been notified by Nasdaq of non-compliance with the minimum bid price and market value of publicly held shares for continued listing. The company's common stock closed at $0.49 per share, and its public warrants at $0.02 on April 5, 2024. Banzai International has until September 30, 2024, to regain compliance with Nasdaq's listing requirements. Additionally, the company's stockholders approved a proposal for the issuance of shares that may exceed 20% of the current outstanding shares to Yorkville Advisors Global, LP, under a Standby Equity Purchase Agreement.
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