Banzai raises ~$1.6M net in new tranche of convertible note and warrant offering

Banzai International, Inc.

Closed additional $2,333,333 senior secured note with 10% OID and 10% interest; net proceeds ~$1,599,168 after fees.
Issued warrants to purchase 420,420 shares at $1.11; also granted Rodman & Renshaw warrants for 133,770 shares at $1.3875.
Note matures Feb 13, 2027; monthly installments of $183,333 required starting after effective registration or Aug 1, 2025.
Conversion price $1.11 with floor $0.2540; buyer limited to 4.99% beneficial ownership (up to 9.99% on notice).
Proceeds for general corporate purposes and working capital; shares underlying note and warrants are registered on Form S-3.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Banzai International, Inc. entered into Purchase Agreement with an institutional investor valued at up to an aggregate original principal amount of $11,000,000 (effective 2025-06-27).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor
Value: up to an aggregate original principal amount of $11,000,000
Effective: 2025-06-27

Exact text from the filing

Banzai International, Inc. (the “ Company ”) previously reported that it entered into a securities purchase agreement (the “ Purchase Agreement ”) on June 27, 2025, with an institutional investor (the “ Buyer ”) for the issuance and sale in a private placement (the “ Offering ”) of senior secured convertible notes of the Company, of up to an aggregate original principal amount of $11,000,000

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306 material agreements filed in the last 30 days. Browse all material agreements →

Banzai International, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-006807

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