Banzai signs acquisition of Vidello for up to $7M; adds $6.5M revenue, $2.3M EBITDA (TTM Sep 2024)

Banzai International, Inc.

Total consideration up to $7M: $5.5M cash + $1.5M in Banzai common stock or pre-funded warrants.
Vidello adds $6.5M revenue and $2.3M EBITDA for TTM ended Sep 30, 2024 on pro-forma basis.
Vidello has over 90k customers; flagship CreateStudio is top-3 best rated video maker on Capterra.
Closing expected Dec 2024; 180-day lock-up for Vidello shareholders; CEO Davy voting support agreement.
CEO Davy (82.2% voting power) agrees to vote for stockholder approval of warrant issuance.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.