Banzai International, Inc. has been granted an extension by the Nasdaq Hearings Panel to regain compliance with the exchange's listing requirements. The company, which is currently in violation of the bid price and market value of listed securities rules, must now meet certain conditions by January 31, 2025. These conditions include filing an application for listing on The Nasdaq Capital Market by October 7, 2024, and demonstrating compliance with specific Nasdaq Listing Rules. Banzai's CEO, Joe Davy, expressed confidence in the company's ability to meet these requirements within the given timeframe. The company is actively taking steps to recapitalize its balance sheet, add liquidity, and deliver long-term value to shareholders. However, there is no guarantee that Banzai will be able to meet the Panel's deadlines or regain compliance with the continued listing standards.

Banzai International, Inc. has been granted an extension by the Nasdaq Hearings Panel to regain compliance with the exchange's listing requirements. The company, which is currently in violation of the bid price and market value of listed securities rules, must now meet certain conditions by January 31, 2025. These conditions include filing an application for listing on The Nasdaq Capital Market by October 7, 2024, and demonstrating compliance with specific Nasdaq Listing Rules. Banzai's CEO, Joe Davy, expressed confidence in the company's ability to meet these requirements within the given timeframe. The company is actively taking steps to recapitalize its balance sheet, add liquidity, and deliver long-term value to shareholders. However, there is no guarantee that Banzai will be able to meet the Panel's deadlines or regain compliance with the continued listing standards.