Banzai CEO Joe Davy buys 115,965 Class B shares at $0.70 in $81,176 private placement

Banzai International, Inc.

Davy purchased 115,965 shares of Class B Common Stock at $0.70/share for an aggregate $81,176 in cash, priced at the consolidated closing bid of the Class A stock just before signing.
After the purchase, Davy holds a 25.6% voting interest in Banzai's voting securities; he is CEO and Chairman of the Board, making this a related-party subscription.
The Acquired Shares carry a six-month contractual lock-up from the closing date and were issued unregistered as a private placement to an accredited investor.
Class B shares generally are not convertible into Class A stock except in limited circumstances under the charter, so Davy does not get Class A holder benefits.
Closing occurs on a mutually agreed date with payment by wire; shares are delivered in book entry with a restrictive legend citing the Securities Act.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.