secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2026-10-21T13:08:48+00:00
Accession:  0001437749-26-033069
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Banzai to repurchase 1.66M warrants for $1.5M, grants investor $6M offering participation right
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- Repurchase Agreement dated Oct. 20, 2026 calls for Banzai to pay $1.5M cash to cancel warrants for up to 1,662,862 shares, exercisable at $1.245 each.
- Repurchase closes concurrently with a public offering; investor can participate for at least $6M, or a lesser amount Banzai specifies.
- Investor agreed to an 18-trading-day standstill on converting the Existing Note, starting when the offering registration statement is publicly filed.
- Waivers make the public offering an Excluded Security and not a Variable Rate/Price Transaction; Evergreen Note is Permitted Indebtedness; Sections 7(d) and 4(s) waived.
- Existing Note is a senior secured convertible note dated Aug. 12, 2026 under a June 27, 2025 SPA; Banzai pays $20,000 of investor legal fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000143774926033069/0001437749-26-033069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000143774926033069/para20261021_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-033069

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