secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K/A
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001193125-26-206397
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000119312526206397/0001193125-26-206397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000119312526206397/bnzi-20251217.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-206397

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