Banzai International, Inc., formerly known as 7GC & Co. Holdings Inc., has undergone significant corporate changes throughout 2023 and 2024. The company successfully completed a Business Combination with 7GC & Co. Holdings Inc., resulting in a name change. Additionally, Banzai International implemented a reverse stock split at a ratio of 1-for-50 on September 19, 2024. The company has been active in financing activities, including a public offering and a Standby Equity Purchase Agreement with YA II PN, LTD, managed by Yorkville Advisors Global, LP. As part of its financing strategy, Banzai International issued convertible promissory notes and warrants. The company's CEO, Joseph Davy, controls a significant majority of the voting power at approximately 95.35%. Banzai International has also entered into various agreements to strengthen its corporate governance, including...Show More

Banzai International, Inc., formerly known as 7GC & Co. Holdings Inc., has undergone significant corporate changes throughout 2023 and 2024. The company successfully completed a Business Combination with 7GC & Co. Holdings Inc., resulting in a name change. Additionally, Banzai International implemented a reverse stock split at a ratio of 1-for-50 on September 19, 2024. The company has been active in financing activities, including a public offering and a Standby Equity Purchase Agreement with YA II PN, LTD, managed by Yorkville Advisors Global, LP. As part of its financing strategy, Banzai International issued convertible promissory notes and warrants. The company's CEO, Joseph Davy, controls a significant majority of the voting power at approximately 95.35%. Banzai International has also entered into various agreements to strengthen its corporate governance, including an Amended & Restated Registration Rights Agreement, Lock-Up Agreements, and Share Transfer Agreements with certain shareholders. The company's board has established three standing committees to oversee audit, compensation, and corporate governance matters. Furthermore, a Code of Business Conduct and Ethics has been adopted for all directors, officers, and employees. Despite these developments, Banzai International received a notification from NASDAQ regarding potential delisting due to non-compliance with the Minimum Value of Listed Securities requirement. The company is actively working on measures to regain compliance and maintain its listing on The Nasdaq Global Market, where its Class A Common Stock is traded under the symbol 'BNZI'.