Banzai International closes $4M subordinated loan at 44% interest due Nov 2025

Banzai International, Inc.

Aggregate principal $4,000,000; net proceeds $2,044,105 after fees and prepayment of $1,755,895 existing Dec 2024 note.
Interest accrues at 44% per annum with weekly amortization; maturity date November 12, 2025.
Mandatory prepayment on default includes outstanding principal, accrued interest, and make-whole prepayment fee.
Loan secured by substantially all assets; proceeds used for refinancing existing debt and general business purposes.
Administrative agent fee of $200,000 paid to Agile Capital Funding at closing.

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