---
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"
generated_at: "2026-06-10T04:56:58.960098+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# 7GC & Co. Holdings enters $500K promissory note with sponsor for working capital

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-250809
- JSON: https://secwatch.observer/filing/0001193125-23-250809.json
- Plain text: https://secwatch.observer/filing/0001193125-23-250809.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826011/000119312523250809/0001193125-23-250809-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826011/000119312523250809/0001193125-23-250809-index.htm

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