secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K/A
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001493152-25-011764
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banzai amends 8-K to correct note maturity from 18 to 12 months; $11M note issued June 30
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- Corrected note maturity from 18 to 12 months; notes mature June 30, 2026.
- Notes have 10% OID and 10% interest, convertible into common at $0.11 floor price.
- Buyer warrants for 671,243 shares at $0.66, exercisable for 3 years; 4.99% ownership cap.
- Net proceeds ~$1.725M after fees; Rodman & Renshaw received 7% cash fee and 212,121 warrants.
- Company agreed to register resale shares; no variable-rate transactions for 180 days post-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225011764/0001493152-25-011764-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225011764/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-011764

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