Banzai reduces convertible note floor price to $4.50 after 1-for-20 reverse stock split

Banzai International, Inc.

Reverse stock split 1-for-20 effective May 8, 2026.
As of May 14, 2026, outstanding principal on convertible note is $5,361,910.
Floor price cut from $50.00 to $4.50 (post-split); conversion price remains 95% of prior trading day's price subject to floor.
Failure to comply with floor price amendment constitutes an event of default.

item 1.01item 9.01

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