Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
Banzai International, Inc. incurred loan of up to an aggregate of $500,000 with 7GC & Co. Holdings LLC (Sponsor) at The Note does not bear interest maturing repayable in full upon the earlier of the consummation of a business combination or the date the Company liquidates the trust account.
- Instrument
- loan
- Principal
- up to an aggregate of $500,000
- Counterparty
- 7GC & Co. Holdings LLC (Sponsor)
- Rate
- The Note does not bear interest
- Maturity
- repayable in full upon the earlier of the consummation of a business combination or the date the Company liquidates the trust account
- Event
- incurrence
Exact text from the filing
On October 3, 2023, 7GC & Co. Holdings Inc. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) to 7GC & Co. Holdings LLC (the “ Sponsor ”), which provides for borrowings from time to time of up to an aggregate of $500,000 for working capital purposes.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Banzai International, Inc. entered into Unsecured Promissory Note with 7GC & Co. Holdings LLC valued at $500,000 (effective 2023-10-03).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- 7GC & Co. Holdings LLC
- Value
- $500,000
- Effective
- 2023-10-03
Exact text from the filing
On October 3, 2023, 7GC & Co. Holdings Inc. (the “ Company ”) issued an unsecured promissory note (the “ Note ”) to 7GC & Co. Holdings LLC (the “ Sponsor ”), which provides for borrowings from time to time of up to an aggregate of $500,000 for working capital purposes.
View on SEC.gov