SplitApr 28, 2026, 04:22 PM
BNZI Shareholders Approve 1-for-20 Reverse Stock Split
AI Summary
Banzai International, Inc. shareholders approved a proposal to amend the Company's Certificate of Incorporation to effect a reverse stock split at a special meeting held on April 28, 2026. Following the approval, the Board of Directors determined to implement a 1-for-20 reverse stock split. The Company expects the reverse stock split to be effective as of May 8, 2026, reducing the number of outstanding Class A and Class B shares.
Key Highlights
- Shareholders approved a reverse stock split proposal with 9,199,546 votes for.
- The Board of Directors determined to effect a 1-for-20 reverse stock split.
- The reverse stock split is expected to be effective as of May 8, 2026.
- Class A shares outstanding will reduce from 19,902,346 to approximately 995,118.
- Class B shares outstanding will reduce from 677,118 to approximately 33,856.