On August 29, 2024, Banzai International, Inc. conducted a special meeting of shareholders to vote on two key proposals. The meeting saw a quorum with 60.77% of Class A Common Stock and 100% of Class B Common Stock represented by proxy. The first proposal, which required a majority vote from both classes of stock, was to approve an amendment for a reverse stock split of Class A Common Stock at a ratio of up to 1-for-50. The proposal passed with 19,617,748 votes for and 1,759,744 against among Class A shareholders, and unanimously among Class B shareholders. The board of directors intends to effectuate the reverse stock split soon and will announce the exact timing and ratio publicly. The second proposal was to approve the adjournment of the special meeting if necessary to solicit additional proxies. This proposal also passed with 42,909,427 votes for and 1,581,566 against. Banzai International will file another report to disclose the implementation details of the reverse stock split.

On August 29, 2024, Banzai International, Inc. conducted a special meeting of shareholders to vote on two key proposals. The meeting saw a quorum with 60.77% of Class A Common Stock and 100% of Class B Common Stock represented by proxy. The first proposal, which required a majority vote from both classes of stock, was to approve an amendment for a reverse stock split of Class A Common Stock at a ratio of up to 1-for-50. The proposal passed with 19,617,748 votes for and 1,759,744 against among Class A shareholders, and unanimously among Class B shareholders. The board of directors intends to effectuate the reverse stock split soon and will announce the exact timing and ratio publicly. The second proposal was to approve the adjournment of the special meeting if necessary to solicit additional proxies. This proposal also passed with 42,909,427 votes for and 1,581,566 against. Banzai International will file another report to disclose the implementation details of the reverse stock split.