secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K/A
Filed at:   2026-05-15T22:28:10+00:00
Accession:  0001193125-26-227353
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000119312526227353/0001193125-26-227353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000119312526227353/bnzi-20240925.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-227353

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer