{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-013900","form_type":"8-K","ticker":"BNZI","cik":"0001826011","company_name":"Banzai International, Inc.","filed_at":"2025-09-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.167369+00:00","generated_at":"2026-05-17T06:23:15.529443+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Banzai International issues $2M convertible note to YA II PN; receives $890K initially","bullets":["Convertible promissory note of $2M principal; $890K received after 10% discount and fees.","Remaining $900K (net of 10% discount) due upon effectiveness of S-1 registration (File 333-290241).","Note matures March 16, 2026; interest at 6% (18% on default), conversion price $2.50/share.","Monthly installments of $500K principal plus 4% premium and interest starting 30 days from issuance.","Company may redeem at its option if VWAP below conversion price, with 10 trading days' notice."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-013900","json":"https://secwatch.observer/filing/0001493152-25-013900.json","markdown":"https://secwatch.observer/filing/0001493152-25-013900.md","text":"https://secwatch.observer/filing/0001493152-25-013900.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826011/000149315225013900/0001493152-25-013900-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826011/000149315225013900/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:23:15.529443+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"68507bb6bbcb27bd12a7cb1c3682638b02773967","claim":"Banzai International, Inc. incurred convertible notes of $2,000,000 with YA II PN, LTD. at 6% maturing March 16, 2026.","evidence_excerpt":"On September 16, 2025, Banzai International, Inc. (“ Banzai ” or the “ Company ”) entered into a Convertible Promissory Note (the “ Note ”) with YA II PN, LTD., a Cayman Islands exempt limited company (the “ Investor ”) in principal amount of $2,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826011/000149315225013900/0001493152-25-013900-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2,000,000"},{"label":"Counterparty","value":"YA II PN, LTD."},{"label":"Rate","value":"6%"},{"label":"Maturity","value":"March 16, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1ee34a9f895a3a450d634d6201b64053ff7ef9e2","claim":"Banzai International, Inc. issued convertible note to YA II PN, LTD. for principal amount of $2,000,000.","evidence_excerpt":"On September 16, 2025, Banzai International, Inc. (“ Banzai ” or the “ Company ”) entered into a Convertible Promissory Note (the “ Note ”) with YA II PN, LTD., a Cayman Islands exempt limited company (the “ Investor ”) in principal amount of $2,000,000 (the “ Original Principal Amount ”) to the Company, to be used as an advance under the outstanding Standby Equity Purchase Agreement entered into on December 14, 2023 by the Company and the Investor (the “ SEPA ”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826011/000149315225013900/0001493152-25-013900-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"YA II PN, LTD."},{"label":"Consideration","value":"principal amount of $2,000,000"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}