---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-169121"
form_type: "8-K"
ticker: "BNZI"
cik: "0001826011"
company_name: "Banzai International, Inc."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T23:09:48.082680+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# 7GC & Co. enters non-redemption agreement for 247K shares; sponsor to forfeit 30,875 Class B shares

## Summary
- Non-redemption agreement with unaffiliated holder for 247,000 Class A shares to support extension to Dec 28, 2023.
- Sponsor to forfeit 30,875 Class B shares; those shares will be issued as Class A shares to holder at business combination close.
- Agreement increases funds retained in trust account after special meeting on the extension amendment.
- Company intends to enter additional similar non-redemption agreements before the meeting.

## SEC filing metadata
- accession: 0001193125-23-169121
- form_type: 8-K
- ticker: BNZI
- cik: 0001826011
- company_name: Banzai International, Inc.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826011/000119312523169121/0001193125-23-169121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826011/000119312523169121/d465185d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-169121
- JSON: https://secwatch.observer/filing/0001193125-23-169121.json
- Plain text: https://secwatch.observer/filing/0001193125-23-169121.txt

## Key facts
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826011/000119312523169121/0001193125-23-169121-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.