On May 22, 2024, Banzai International, Inc., a Delaware-incorporated company, announced the pricing of a public offering consisting of over 5 million shares of Class A common stock, over 8 million pre-funded warrants, and nearly 14 million common warrants. The offering, which closed on May 28, 2024, was conducted on a 'best efforts' basis with a public offering price of $0.18 per share and accompanying common warrant, or $0.1799 per pre-funded warrant and accompanying common warrant. A.G.P./Alliance Global Partners served as the placement agent for the offering, receiving a cash fee and warrants as compensation. Concurrently, Banzai International entered into an Amended and Restated Debt Repayment Agreement with YA II PN, Ltd. ('Yorkville'), amending the terms of repayment for promissory notes issued in...Show More

On May 22, 2024, Banzai International, Inc., a Delaware-incorporated company, announced the pricing of a public offering consisting of over 5 million shares of Class A common stock, over 8 million pre-funded warrants, and nearly 14 million common warrants. The offering, which closed on May 28, 2024, was conducted on a 'best efforts' basis with a public offering price of $0.18 per share and accompanying common warrant, or $0.1799 per pre-funded warrant and accompanying common warrant. A.G.P./Alliance Global Partners served as the placement agent for the offering, receiving a cash fee and warrants as compensation. Concurrently, Banzai International entered into an Amended and Restated Debt Repayment Agreement with YA II PN, Ltd. ('Yorkville'), amending the terms of repayment for promissory notes issued in December 2023 and March 2024. The agreement stipulates that upon completion of the offering and repayment of $750,000 of the outstanding promissory notes, Yorkville will refrain from exercising certain rights for a 90-day period. The offering and the amended debt repayment agreement are part of Banzai International's strategic financial maneuvers to manage its capital and debt obligations.