---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050231"
form_type: "8-K/A"
ticker: "BNZI"
cik: "0001826011"
company_name: "Banzai International, Inc."
filed_at: "2024-12-16T23:59:59+00:00"
generated_at: "2026-05-29T03:05:07.019273+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Banzai reduces warrant exercise price to $2.50 in exchange for waiver of protective provisions for OpenReel merger

## Summary
- On Dec 10, 2024, Banzai entered merger agreement with OpenReel (ClearDoc, Inc.) to issue shares to OpenReel stockholders.
- Institutional investor waived protective provisions that restricted share issuances for 60 days after Nov 6, 2024 effective date.
- Banzai agreed to reduce exercise price of Series A and B warrants from $4.00 to $2.50 per share as consideration for the waiver.
- Each warrant series (A & B) covers up to 1,176,471 shares; combined purchase price in Sept 2024 private placement was $4.249 per unit.

## SEC filing metadata
- accession: 0001493152-24-050231
- form_type: 8-K/A
- ticker: BNZI
- cik: 0001826011
- company_name: Banzai International, Inc.
- filed_at: 2024-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826011/000149315224050231/0001493152-24-050231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826011/000149315224050231/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050231
- JSON: https://secwatch.observer/filing/0001493152-24-050231.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050231.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.