Banzai International, Inc. has filed a prospectus supplement, updating and amending its previous prospectus dated February 14, 2024, with information from its recent Current Reports. The supplement, filed on July 11, 2024, includes details of the offering of up to 24,274,995 shares of Class A Common Stock and up to 12,082,923 shares issuable upon the exercise of public warrants and senior convertible notes. The company's Class A Common Stock and Public Warrants are listed on The Nasdaq Global Market and The Nasdaq Capital Market respectively. As an emerging growth company, Banzai International is subject to reduced reporting requirements. On May 15, 2024, the company announced its financial results for the quarter ended March 31, 2024, reporting an Adjusted EBITDA loss and providing a reconciliation to GAAP net loss. Additionally...Show More

Banzai International, Inc. has filed a prospectus supplement, updating and amending its previous prospectus dated February 14, 2024, with information from its recent Current Reports. The supplement, filed on July 11, 2024, includes details of the offering of up to 24,274,995 shares of Class A Common Stock and up to 12,082,923 shares issuable upon the exercise of public warrants and senior convertible notes. The company's Class A Common Stock and Public Warrants are listed on The Nasdaq Global Market and The Nasdaq Capital Market respectively. As an emerging growth company, Banzai International is subject to reduced reporting requirements. On May 15, 2024, the company announced its financial results for the quarter ended March 31, 2024, reporting an Adjusted EBITDA loss and providing a reconciliation to GAAP net loss. Additionally, on May 22, 2024, Banzai International priced a public offering and entered into a securities purchase agreement, which closed on May 28, 2024. The company also entered into an Amended and Restated Debt Repayment Agreement with YA II PN, Ltd. ('Yorkville') regarding outstanding promissory notes. Furthermore, the company has experienced changes in its executive team, with the resignation of Ashley Levesque, Vice President of Marketing, effective June 7, 2024, and the resignation of Mark Musburger, Chief Financial Officer, effective June 14, 2024. Alvin Yip will take over as interim CFO.