---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-206397"
form_type: "8-K/A"
ticker: "BNZI"
cik: "0001826011"
company_name: "Banzai International, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:32:08.436630+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Banzai exchanges shares for debt; issued 1.47M shares, note reduced to $819K

## Summary
- Exchanged 232,786 shares at $1.22 for $284K note reduction; forbearance fee of $628K added, balance rose to $1.84M.
- Six subsequent exchanges from Jan to Apr 2026: 1,466,501 shares at average ~$0.99/share, reducing note to $819,432.50.
- Total shares issued ~7.4% of outstanding as of Apr 29, 2026; prices fell from $1.11 to $0.305 per share.
- Agile granted forbearance from defaults through March 30, 2026, in exchange for the fee and cost reimbursements.

## SEC filing metadata
- accession: 0001193125-26-206397
- form_type: 8-K/A
- ticker: BNZI
- cik: 0001826011
- company_name: Banzai International, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826011/000119312526206397/0001193125-26-206397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826011/000119312526206397/bnzi-20251217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-206397
- JSON: https://secwatch.observer/filing/0001193125-26-206397.json
- Plain text: https://secwatch.observer/filing/0001193125-26-206397.txt

## Source-grounded claims
- claim_id: 2c786d39017b142923c72ae239be27a7d0b390d2
  claim: Banzai International, Inc. amended loan of the outstanding balance under the Note was $1,839,432.50 with Agile Lending, LLC.
  evidence_excerpt: in the principal amount due under the Note (the “Forbearance Fee”). After giving effect to the Forbearance Fee and the Exchange, the outstanding balance under the Note was $1,839,432.50. The Company also agreed to pay all of Agile’s reasonable costs and expenses, in an amount not to exceed $10,000. Following the initial Exchange, the Company, Agile and the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826011/000119312526206397/0001193125-26-206397-index.htm

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