secwatch.observer — SEC 8-K summary
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Issuer:     Banzai International, Inc. (BNZI)
CIK:        0001826011
Form:       8-K/A
Filed at:   2025-04-18T23:59:59+00:00
Accession:  0001641172-25-005389
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banzai acquires Vidello for $2.745M cash and 898K shares; Vidello FY2024 revenue $5.5M, net income $1.5M
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- Vidello FY2024 (Mar 31) revenue $5.51M vs $3.46M prior year; net income $1.53M vs $572K.
- Unaudited Dec 31, 2024 YTD revenue $3.98M, net income $893K; cash dropped to $586K from $1.16M.
- Total consideration: $2.745M cash (of which $2.5M held back for indemnification) and 898,204 shares of BNZI Class A common stock.
- Vidello shareholders subject to 180-day lock-up on BNZI shares received.
- Vidello had $502K deferred revenue at Mar 31, 2024; tax payables of $510K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826011/000164117225005389/0001641172-25-005389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826011/000164117225005389/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-005389

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