secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K/A
Filed at:   2026-09-24T21:01:23+00:00
Accession:  0001493152-26-044168
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banzai amends Evergreen purchase agreement: $250K cross-default, 25% participation right, split tranche
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- Cross-default threshold under Purchase Agreement set at $250,000 (replaces blank).
- Evergreen granted 25% participation right in future financings until Sept 18, 2027 or Aegis ceases as investment bank.
- Tranche 2 funding split: $190,000 after board approval and Aegis engagement; $310,000 after confidential filing and 3i waiver.
- Governing law for SPA and Warrant changed from New York to Delaware, consistent with Note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000149315226044168/0001493152-26-044168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000149315226044168/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-044168

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