---
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"
generated_at: "2026-06-07T11:25:53.268851+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Banzai enters $100M standby equity purchase agreement with Yorkville; receives $2M pre-paid advance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-297160
- JSON: https://secwatch.observer/filing/0001193125-23-297160.json
- Plain text: https://secwatch.observer/filing/0001193125-23-297160.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: YA II PN, LTD, a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global, LP
  - Value: $100 million
  - Effective: 2023-12-14
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1826011/000119312523297160/0001193125-23-297160-index.htm

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