Banzai International, Inc. has successfully regained compliance with the Nasdaq Listing Rule 5450(a)(1), also known as the Minimum Bid Price Requirement, after maintaining a closing bid price of $1.00 or more per share for 10 consecutive business days from September 19, 2024, to October 18, 2024. The Nasdaq Stock Market LLC confirmed the company's compliance on October 18, 2024, and has closed the matter related to the previous bid price deficiency. Despite this achievement, Banzai International still needs to meet the Market Value of Listed Securities requirement under Nasdaq Listing Rule 5450(b)(2)(A). The company had been previously notified of non-compliance with the Minimum Bid Price Requirement due to its stock price falling below $1.00 for 30 consecutive business days. A Nasdaq Hearings Panel decision on September 26, 2024, granted Banzai International until January 31, 2025, to demonstrate full compliance with all Nasdaq listing rules. The company issued a press release on October 22, 2024, to announce the regained compliance, which is also filed as Exhibit 99.1 with their Current Report on Form 8-K.

Banzai International, Inc. has successfully regained compliance with the Nasdaq Listing Rule 5450(a)(1), also known as the Minimum Bid Price Requirement, after maintaining a closing bid price of $1.00 or more per share for 10 consecutive business days from September 19, 2024, to October 18, 2024. The Nasdaq Stock Market LLC confirmed the company's compliance on October 18, 2024, and has closed the matter related to the previous bid price deficiency. Despite this achievement, Banzai International still needs to meet the Market Value of Listed Securities requirement under Nasdaq Listing Rule 5450(b)(2)(A). The company had been previously notified of non-compliance with the Minimum Bid Price Requirement due to its stock price falling below $1.00 for 30 consecutive business days. A Nasdaq Hearings Panel decision on September 26, 2024, granted Banzai International until January 31, 2025, to demonstrate full compliance with all Nasdaq listing rules. The company issued a press release on October 22, 2024, to announce the regained compliance, which is also filed as Exhibit 99.1 with their Current Report on Form 8-K.