Banzai International, Inc. has initiated a securities offering, filing with the SEC to issue Class A Common Stock, Pre-Funded Warrants, and Common Warrants. The offering involves up to 17,647,058 shares of Class A Common Stock priced at $0.34 each. The Common Warrants are exercisable immediately at the same price, with a five-year expiration, while the Pre-Funded Warrants cater to investors who may face ownership limitations, allowing exercise at $0.0001 per share for Class A Common Stock. The net proceeds from this offering are earmarked for the repayment of Yorkville Promissory Notes and general corporate purposes. Banzai International's financial activities also include convertible notes and a Standby Equity Purchase Agreement with Yorkville, along with the issuance of warrants and promissory...Show More

Banzai International, Inc. has initiated a securities offering, filing with the SEC to issue Class A Common Stock, Pre-Funded Warrants, and Common Warrants. The offering involves up to 17,647,058 shares of Class A Common Stock priced at $0.34 each. The Common Warrants are exercisable immediately at the same price, with a five-year expiration, while the Pre-Funded Warrants cater to investors who may face ownership limitations, allowing exercise at $0.0001 per share for Class A Common Stock. The net proceeds from this offering are earmarked for the repayment of Yorkville Promissory Notes and general corporate purposes. Banzai International's financial activities also include convertible notes and a Standby Equity Purchase Agreement with Yorkville, along with the issuance of warrants and promissory notes for financing and potential acquisitions. Operating in the MarTech sector with products such as Demio, Boost, and Reach, Banzai International aims to grow through customer acquisition and retention, product enhancements, new launches, and strategic acquisitions. The company's Class A Common Stock is traded on The Nasdaq Global Market under the ticker 'BNZI' as of May 10, 2024.