---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-008763"
form_type: "8-K/A"
ticker: "BNZI"
cik: "0001826011"
company_name: "Banzai International, Inc."
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T20:22:13.949419+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OpenReel (acquired by Banzai) shows $7.5M revenue, $1.3M net loss for FY 2023

## Summary
- OpenReel FY 2023 net revenue $7.5M, net loss $1.3M; total assets $3.3M, stockholders' deficit $1.35M.
- Deferred revenue $3.17M at Dec. 31, 2023; cash $720K; debt $575K (line of credit + term loan).
- Merger closed Dec. 18, 2024; OpenReel now wholly owned subsidiary of Banzai International.

## SEC filing metadata
- accession: 0001493152-25-008763
- form_type: 8-K/A
- ticker: BNZI
- cik: 0001826011
- company_name: Banzai International, Inc.
- filed_at: 2025-03-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826011/000149315225008763/0001493152-25-008763-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826011/000149315225008763/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-008763
- JSON: https://secwatch.observer/filing/0001493152-25-008763.json
- Plain text: https://secwatch.observer/filing/0001493152-25-008763.txt

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