secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2025-10-09T23:59:59+00:00
Accession:  0001493152-25-017504
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225017504/0001493152-25-017504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315225017504/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-017504

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