---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-028196"
form_type: "8-K"
ticker: "BNZI"
cik: "0001826011"
company_name: "Banzai International, Inc."
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:56:43.227134+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-028196
- form_type: 8-K
- ticker: BNZI
- cik: 0001826011
- company_name: Banzai International, Inc.
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826011/000149315225028196/0001493152-25-028196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826011/000149315225028196/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-028196
- JSON: https://secwatch.observer/filing/0001493152-25-028196.json
- Plain text: https://secwatch.observer/filing/0001493152-25-028196.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826011/000149315225028196/0001493152-25-028196-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.