other material
confidence high
sentiment neutral
materiality 0.50
Banzai shareholders approve reverse stock split up to 1-for-50 at special meeting
Banzai International, Inc.
- Class A: 19,617,748 for, 1,759,744 against, 25,925 abstain; Class B: 23,111,340 for, 0 against, 0 abstain.
- Reverse split ratio up to 1-for-50; final ratio and timing set by Board, to be announced via 8-K.
- Adjournment proposal also approved: 42,909,427 for, 1,581,566 against, 23,764 abstain.
- Quorum met: 60.77% of Class A and 100% of Class B outstanding shares represented at meeting.
- Board intends to effect reverse split in near future; additional 8-K will disclose implementation.