secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001641172-25-003843
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000164117225003843/0001641172-25-003843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000164117225003843/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-003843

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