secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001493152-24-038522
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banzai closes $5M private placement; pays off Yorkville credit facility
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- Gross proceeds ~$5M; net proceeds ~$4.4M after fees and expenses.
- Issued 1,176,471 pre-funded warrants and Series A/B warrants (exercise $4.00, terms 5 yr/18 mo).
- Net proceeds used to fully repay outstanding Yorkville Advisors credit facility and for working capital.
- Placement agent H.C. Wainwright received 7.5% cash fee and placement agent warrants for 88,235 shares.
- Company agreed to file resale registration statement within 10 days under registration rights agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315224038522/0001493152-24-038522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315224038522/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-038522

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