secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2022-12-23T23:59:59+00:00
Accession:  0001213900-22-082608
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

7GC stockholders approve extension to June 2023 with 17.9M shares redeemed; $2.3M note issued
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- Extension of business combination deadline from Dec 28, 2022 to June 28, 2023 approved by stockholders.
- 17,923,223 public shares redeemed for trust proceeds; only 5,076,777 public shares remain outstanding.
- Issued up to $2.3M unsecured promissory note to sponsor; $1.3M drawn ($900K extension, $400K working capital).
- Note bears no interest and is convertible into Class A shares at $10 per share upon a business combination.
- Directors Tripp Jones and Patrick Eggen re-elected as Class I directors until 2025 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000121390022082608/0001213900-22-082608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000121390022082608/ea170752-8k_7gcandco.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-082608

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