{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-297160","form_type":"8-K","ticker":"BNZI","cik":"0001826011","company_name":"Banzai International, Inc.","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.785451+00:00","generated_at":"2026-06-07T11:25:53.268851+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Banzai enters $100M standby equity purchase agreement with Yorkville; receives $2M pre-paid advance","bullets":["Up to $100M of Class A common stock may be sold to Yorkville at 95-96% of VWAP, subject to conditions and caps.","Received $2M at closing under a convertible promissory note (0% interest, 18% default); additional $1.5M upon registration effectiveness.","Yorkville received 300,000 closing shares; $500K commitment fee due by March 14, 2024 (cash or shares).","Promissory note convertible at lower of $10/share or 90% of 10-day VWAP; floor price $2.00 or 20% of VWAP.","Company must file resale registration statement within 21 days; advances available only after effectiveness."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-297160","json":"https://secwatch.observer/filing/0001193125-23-297160.json","markdown":"https://secwatch.observer/filing/0001193125-23-297160.md","text":"https://secwatch.observer/filing/0001193125-23-297160.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826011/000119312523297160/0001193125-23-297160-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826011/000119312523297160/d564833d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:25:53.268851+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":"4c38ff1510cf38215a8e8579e0d7832d492fa5a3","claim":"Banzai International, Inc. entered into Standby Equity Purchase Agreement with YA II PN, LTD, a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global, LP valued at $100 million (effective 2023-12-14).","evidence_excerpt":"On December 14, 2023, Banzai International, Inc., a Delaware corporation (“the Company”) (formerly 7GC & Co. Holdings Inc., a Delaware corporation), entered into a standby equity purchase agreement (the “SEPA) with Banzai Operating Co LLC (formerly Banzai International, Inc. (“Old Banzai”)) and YA II PN, LTD, a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global, LP (“Yorkville”), in connection with the previously announced business combination (the “Business Combination”) between the Company and Old Banzai.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826011/000119312523297160/0001193125-23-297160-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"YA II PN, LTD, a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global, LP"},{"label":"Value","value":"$100 million"},{"label":"Effective","value":"2023-12-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}