Banzai International issues additional $2.5M convertible note in October closing; net proceeds ~$2.01M

Banzai International, Inc.

Issued $2.5M senior secured convertible note on Oct 8, 2025, with 10% OID and 10% interest; matures Oct 8, 2026.
Conversion price set at $2.50 per share, subject to floor of $0.62; warrants to buy 200,000 shares at $2.50.
Net proceeds of ~$2.01M after fees; funds to be used for general corporate purposes and working capital.
Issued 63,636 financial advisor warrants to Rodman & Renshaw at $3.13 per share, exercisable for 5 years.
Company restricts future variable-rate transactions until 180 days after closing or no notes outstanding.

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