Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Banzai International, Inc. entered into Non-Redemption Agreement with unaffiliated third party (the "Holder") valued at Holders agree not to redeem 247,000 shares of Class A common stock; Sponsor to forfeit 30,875 shares (effective 2023-06-16).
- Action
- entry
- Counterparty
- unaffiliated third party (the "Holder")
- Value
- Holders agree not to redeem 247,000 shares of Class A common stock; Sponsor to forfeit 30,875 shares
- Effective
- 2023-06-16
Exact text from the filing
On June 16, 2023, 7GC & Co. Holdings Inc. (the “Company” or “we”) and the Company’s sponsor, 7GC & Co. Holdings LLC (the “Sponsor”), entered into a non-redemption agreement (the “Non-Redemption Agreement”) with an unaffiliated third party (the “Holder”) in exchange for the Holder agreeing either not to request redemption, or to reverse any previously submitted redemption demand with respect to an aggregate of 247,000 shares of Class A common stock, par value $0.0001 per share (the “Class A common stock”), of the Company sold in its initial public offering (“IPO”), in connection with the special meeting called by the Company (the “Meeting”) to, among other things, approve an amendment to the Company’s amended and restated certificate of incorporation (the “Extension Amendment”) to extend the date by which the Company must (i) consummate an initial business combination, (ii) cease all operations except for the purpose of winding up, and (iii) redeem or repurchase 100% of its Class A comm
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