8-K
filed December 15, 2023, 6:59 PM ET
ticker BNZI
CIK 0001826011
M&A
confidence high
sentiment neutral
materiality 0.75
7GC & Banzai complete business combination; Banzai begins trading under BNZI on Nasdaq
Banzai International, Inc.
- Stockholders approved the deal on Dec 13, 2023 with 7,919,197 votes for vs 297,920 against.
- Holders of 3,207,428 shares of 7GC Class A common stock redeemed at ~$10.76/share, totaling $34.5M.
- Mark Musburger appointed CFO effective Dec 14, 2023; previously Banzai's VP of Finance.
- Company renamed Banzai International, Inc.; BNZI and BNZIW begin trading on Nasdaq Dec 15.
- Joe Davy (CEO) and Jack Leeney (7GC Chairman) commented on the closing and MarTech consolidation strategy.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Musburger was appointed as Chief Financial Officer at Banzai International, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On December 14, 2023, following the closing of the Business Combination, the board of directors of the Company (the “Board”) appointed Mr. Mark Musburger, age 59, as Chief Financial Officer.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.7
Banzai International, Inc. shareholders approved One vote per share Class A / ten votes per share Class B (Proposal 3B) at the 2023-12-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-13
Exact text from the filing
7GC’s stockholders approved Proposal 3B, based on the following votes: Class A Common Stock Votes FOR Votes
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Banzai International, Inc. shareholders approved Approve and adopt the Merger Agreement and the transactions contemplated therein (Business Combination Proposal) at the 2023-12-13 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-12-13
Exact text from the filing
7GC’s stockholders approved the Business Combination Proposal, based on the following votes: Votes FOR Votes AGAINST Abstain Broker Non-Votes 7,919,197 297,920 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Banzai International, Inc. shareholders approved Increase authorized shares (Proposal 3A) at the 2023-12-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-13
Exact text from the filing
7GC’s stockholders approved Proposal 3A, based on the following votes: Class A Common Stock Votes FOR Votes AGAINST Abstain Broker Non-Votes 2,194,197 297,920 0 0 Class B Common Stock Votes FOR Votes AGAINST Abstain Broker Non-Votes 5,725,000 0 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Banzai International, Inc. shareholders approved Approve the A&R Charter (Binding Charter Proposal) at the 2023-12-13 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-13
Exact text from the filing
7GC’s stockholders approved the Binding Charter Proposal, based on the following votes: Class A Common Stock Votes FOR Votes AGAINST Abstain Broker Non-Votes 2,194,197 297,920 0 0 Class B Common Stock Votes FOR Votes AGAINST Abstain Broker Non-Votes 5,725,000 0 0 0
View on SEC.gov
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