Banzai to effect 1-for-10 reverse stock split on July 8; issues $11M senior secured convertible notes

Banzai International, Inc.

Reverse split effective July 8, 2025; pre-split Class A shares: 22,374,739; post-split approx 2,237,474.
Convertible note offering closed June 30: $11M principal, 10% OID, 10% interest, 18-month maturity; conversion floor $0.11.
Buyer receives warrants for 671,243 shares at $0.66 exercise price, 3-year term, 4.99% beneficial ownership limit.
Net proceeds from offering ~$1.725M for general corporate purposes and working capital.
Financial advisor Rodman & Renshaw receives 212,121 warrants at $0.825, 5-year term, plus cash fees.

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