secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2026-10-30T20:07:09+00:00
Accession:  0001437749-26-034210
Event type: regulatory
Sentiment:  negative
Materiality: 0.82
Item codes: 3.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000143774926034210/0001437749-26-034210-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000143774926034210/para20261030_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-034210

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