secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2026-07-07T21:27:18+00:00
Accession:  0001193125-26-297663
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000119312526297663/0001193125-26-297663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000119312526297663/bnzi-20260707.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-297663

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