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 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Banzai International, Inc. amended Floor Price Amendment with CP BF Lending, LLC (effective 2026-05-15).

Action: amendment
Agreement: credit facility
Counterparty: CP BF Lending, LLC
Effective: 2026-05-15

Exact text from the filing

On May 15, 2026, the Company, the Guarantors and CP BF entered into a letter agreement (the "Floor Price Amendment"), further amending the Loan Agreement and the Note.

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Banzai International, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-227353

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