Banzai exchanges shares for $284K debt reduction, adds $628K forbearance fee to note

Banzai International, Inc.

Exchanged 232,786 shares at $1.22/share to reduce $1.495M Note principal by $284,000.
Added $628,058 forbearance fee, raising Note balance to $2.123M; forbearance until Mar 30, 2026.
If default occurs during forbearance, Agile may foreclose on collateral.
Bylaws amended to lower quorum requirement for shareholder meetings to 33.3% after Jan 2026 meeting.

item 1.01 item 2.03 item 3.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Banzai International, Inc.: Amendment to Bylaws reducing quorum requirement for shareholder meetings to 33.3% of voting power, effective after the 2025 Annual Shareholder Meeting on January 15, 2026 (effective 2026-01-15).

Change: bylaw amendment
Effective: 2026-01-15

Exact text from the filing

As per the approval, following the 2025 Annual Shareholder Meeting to be held on January 15, 2026, Section 3.5 of the Company’s Bylaws shall be amended such that the presence, in person, by remote communication, if applicable, or by proxy duly authorized, of the holders of 33.3% of the voting power of the then-outstanding shares of capital stock entitled to vote shall constitute a quorum for the transaction of business.

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Banzai International, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-028196

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