secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2025-08-22T23:59:59+00:00
Accession:  0001493152-25-012268
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banzai International issues additional $2.2M convertible note in second closing
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- Issued $2.2M additional senior secured convertible note with 10% OID and 10% interest, maturing Aug 19, 2026.
- Conversion price $3.4891 per share with a floor price of $1.10; shares registered on Form S-3.
- Issued additional warrants to purchase 126,107 shares of common stock at $3.4891 per share, exercisable for 3 years.
- Net proceeds of ~$1.762M after fees; funds for general corporate purposes and working capital.
- Rodman & Renshaw acted as financial advisor; received 7% cash fee and 40,125 advisor warrants at $4.36.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225012268/0001493152-25-012268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225012268/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-012268

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