secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001493152-25-003319
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225003319/0001493152-25-003319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225003319/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-003319

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