secwatch.observer — SEC 8-K summary
======================================

Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001493152-24-031020
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315224031020/0001493152-24-031020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315224031020/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer