secwatch.observer — SEC 8-K summary
======================================

Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2025-09-17T23:59:59+00:00
Accession:  0001493152-25-013900
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banzai International issues $2M convertible note to YA II PN; receives $890K initially
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225013900/0001493152-25-013900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225013900/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-013900

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