{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-250809","form_type":"8-K","ticker":"BNZI","cik":"0001826011","company_name":"Banzai International, Inc.","filed_at":"2023-10-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.783148+00:00","generated_at":"2026-06-10T04:56:58.960098+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"7GC & Co. Holdings enters $500K promissory note with sponsor for working capital","bullets":["Unsecured note issued to 7GC & Co. Holdings LLC allows draws up to $500,000 for working capital.","Note bears no interest; principal due upon business combination or trust liquidation.","Sponsor may convert principal at $10/share into Class A common stock at business combination.","Drawdown requests permitted until December 28, 2023, with minimum $10,000 per draw.","Sponsor waives all claims against trust account, protecting SPAC investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-250809","json":"https://secwatch.observer/filing/0001193125-23-250809.json","markdown":"https://secwatch.observer/filing/0001193125-23-250809.md","text":"https://secwatch.observer/filing/0001193125-23-250809.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826011/000119312523250809/0001193125-23-250809-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826011/000119312523250809/d548057d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T04:56:58.960098+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e36d5b2a310b4197b12472a95348d2c29d0a73d7","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826011/000119312523250809/0001193125-23-250809-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"up to an aggregate of $500,000"},{"label":"Counterparty","value":"7GC & Co. Holdings LLC (Sponsor)"},{"label":"Rate","value":"The Note does not bear interest"},{"label":"Maturity","value":"repayable in full upon the earlier of the consummation of a business combination or the date the Company liquidates the trust account"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3e9c82a239ea9f1b464929fe3a7e125ea0107564","claim":"Banzai International, Inc. entered into Unsecured Promissory Note with 7GC & Co. Holdings LLC valued at $500,000 (effective 2023-10-03).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826011/000119312523250809/0001193125-23-250809-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"7GC & Co. Holdings LLC"},{"label":"Value","value":"$500,000"},{"label":"Effective","value":"2023-10-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}