debt
confidence high
sentiment neutral
materiality 0.50
Banzai International issues $1.1M convertible note and warrants in August 2026 closing
Banzai International, Inc.
- Issued $1,099,989 senior secured convertible note at $1.96/share conversion, maturing Aug 12, 2027.
- Warrants to purchase 112,531 shares at $1.96; net proceeds ~$1M for working capital.
- Also issued 63,062 financial advisor warrants to Rodman & Renshaw at $2.45/share.
- Note carries 10% OID, 10% interest, conversion floor $0.35; prior notes from earlier closings remain.