Banzai shareholders approve issuance of >20% of common to Yorkville
Banzai International, Inc.
- Special Meeting on March 25 approved issuance of Class A common stock to Yorkville under SEPA.
- Issuance may exceed 20% of outstanding common stock (18.0M shares total as of record date).
- Proposal 1 passed: Class A 8.25M for, 165K against; Class B 23.11M for (all votes cast).
- Adjournment proposal approved but not needed because Proposal 1 passed.