secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K/A
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001493152-25-008763
Event type: m_and_a
Sentiment:  negative
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225008763/0001493152-25-008763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225008763/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-008763

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