secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2024-04-08T23:59:59+00:00
Accession:  0001193125-24-089608
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Banzai gets Nasdaq deficiency notices for bid price and MVPHS
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- Received two Nasdaq letters on April 3, 2024, for bid price and market value of publicly held shares non-compliance.
- Common stock closing bid price below $1.00 for 30 consecutive business days.
- Market value of publicly held shares below the required $15 million minimum for 30 consecutive business days.
- Company has until September 30, 2024 to regain compliance for both deficiencies.
- If not cured, may face delisting; company evaluating options including potential reverse stock split.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000119312524089608/0001193125-24-089608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000119312524089608/d795827d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-089608

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