secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001493152-26-006807
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315226006807/0001493152-26-006807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315226006807/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-006807

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer