secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001493152-24-050696
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 3.02, 1.01, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banzai completes OpenReel acquisition for $19.6M, expects to exceed $10M FY2024 revenue guidance
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- Closed Dec 18, 2024; total consideration $19.6M via 930,558 Class A shares and 11,769,501 pre-funded warrants.
- Banzai expects to exceed top end of previously disclosed $10.0M revenue guidance for fiscal 2024.
- OpenReel's enterprise customers include Bristol Myers Squibb, Ingram Micro, DXC Technology, and US Steel.
- Joseph Davy appointed sole director and president of surviving entity; Alvin Yip as secretary and treasurer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315224050696/0001493152-24-050696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315224050696/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050696

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