secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2026-10-22T21:24:11+00:00
Accession:  0001437749-26-033292
Event type: other_material
Sentiment:  neutral
Materiality: 0.62
Item codes: 3.03, 5.07, 5.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Banzai International changes name to Parabolic Technologies, sets 1-for-10 reverse split effective October 27, 2026
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- Shares outstanding drop from 5,061,208 Class A and 149,821 Class B to about 506,121 and 14,983 after the 1-for-10 split.
- Class A stock continues trading on Nasdaq under symbol PARA with new CUSIP 06682J803; split-adjusted trading begins October 27, 2026.
- Shareholders approved the name change to Parabolic Technologies, Inc. and the reverse split at the October 16, 2026 special meeting.
- Company says the split is primarily intended to lift the per-share price and maintain compliance with Nasdaq's minimum bid price requirement.
- Shareholders also authorized issuance of Class A shares under the July 2, 2026 Asset Purchase Agreement with ConnectAndSell, Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000143774926033292/0001437749-26-033292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000143774926033292/para20261016_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-033292

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