Banzai acquires ConnectAndSell for $8.45M closing consideration; enters $2.1M loan

Banzai International, Inc.

Acquired ConnectAndSell (SaaS/AI sales enablement) for $8.45M closing: $750k cash, $5.9M stock, $1.8M promissory note.
Deferred cash payments: $1.5M due within 10 days, $3.25M due by Dec 31, 2026 (or earlier upon SEC registration).
Earn-out up to $2M base plus performance multiples based on Year 1 MRR exceeding Closing MRR.
Entered $2.1M subordinated loan with Agile Capital Funding; net $2M proceeds, 32 weekly payments of $94,500.
Issued shares and Pre-Funded Warrants to ConnectAndSell; stockholder approval required within 120 days for full issuance.

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