Nasdaq moves to delist Parabolic Technologies after sub-$1 bid; authorized shares raised to 850M

Banzai International, Inc.

• Nasdaq issued a Staff Delisting Determination on Oct 27, 2026 after PARA closed below $1.00 for 30 straight sessions (Sept 15-Oct 26); no 180-day cure period was offered.
• Cure period was denied because of cumulative 1-for-2,000 reverse splits: 1-for-10 on July 8, 2025, 1-for-20 on May 8, 2026 and 1-for-10 on Oct 27, 2026.
• Company intends to appeal by the Nov 3, 2026 deadline with a $20,000 hearing fee; absent a timely request, trading suspends at the open on Nov 5, 2026 and a Form 25-NSE is filed.
• Stockholders approved raising authorized shares to 850,000,000 from 350,000,000 (750M Class A, 25M Class B, 75M preferred), effective 12:01 a.m. ET on Oct 30, 2026.
• Votes also authorized Class A issuance on conversion of the convertible note and exercise of common warrants held by Evergreen Capital Management LLC; all four proposals passed on a 38.91% quorum.