Banzai signs deal to acquire Act-On Software for $53.2M; pro forma revenue to $44M

Banzai International, Inc.

Aggregate enterprise value of $53.2M: $33.2M in stock/warrants plus $20M cash.
Acquisition projected to add $27M revenue in 2025; combined TTM revenue rises 152% to $44M.
Act-On provides enterprise marketing automation platform used by Hitachi, BestBuy, Progressive Insurance.
Deal expected to close in February 2025; subject to customary closing conditions.
CEO Joe Davy, holding 78.55% voting power, signed Voting and Support Agreement for stockholder approval.

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.