RebrandingAug 6, 2026, 08:18 AM
Banzai International to Rebrand as Parabolic Technologies, Inc.
AI Summary
Banzai International, Inc. announced its Board of Directors has approved a proposal to change the company's corporate name to "Parabolic Technologies, Inc." and its ticker symbol to "PARA" on the Nasdaq Capital Market, pending shareholder approval. This rebranding reflects a strategic shift towards focusing on AI-driven agentic applications and related businesses. The company also unveiled a new business unit structure comprising ConnectAndSell, Banzai (operating Demio and OpenReel), and CreateStudio, aligning with its evolved vision for strategic growth.
Key Highlights
- Banzai International, Inc. proposes changing its corporate name to Parabolic Technologies, Inc.
- The company will seek shareholder approval for the name change at a future meeting.
- New ticker symbol will be "PARA" for common stock and "PARAW" for warrants, effective August 7, 2026.
- Strategic focus shifts to building, acquiring, and investing in AI-driven agentic applications.
- New business unit structure includes ConnectAndSell, Banzai (Demio & OpenReel), and CreateStudio.
- The company intends to file a proxy statement with the SEC for the shareholder vote.
Price Impact
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