---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-003319"
form_type: "8-K"
ticker: "BNZI"
cik: "0001826011"
company_name: "Banzai International, Inc."
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T15:27:47.403177+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-003319
- form_type: 8-K
- ticker: BNZI
- cik: 0001826011
- company_name: Banzai International, Inc.
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826011/000149315225003319/0001493152-25-003319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826011/000149315225003319/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-003319
- JSON: https://secwatch.observer/filing/0001493152-25-003319.json
- Plain text: https://secwatch.observer/filing/0001493152-25-003319.txt

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