Banzai receives Nasdaq delisting notice for failure to meet $50M market value requirement

Banzai International, Inc.

On August 6, 2024, Nasdaq notified Banzai it failed the $50M minimum Market Value of Listed Securities per Rule 5450(b)(2)(A).
The company intends to request a hearing before the Nasdaq Hearings Panel to appeal the notice.
A hearing request automatically stays suspension; securities continue trading on Nasdaq Global Market until panel decision.
No assurance that the Panel will grant an extension or that the company will ultimately regain compliance.

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