Banzai International to Repurchase Warrants for $1.5M, Investor to Participate in Offering

Banzai International, Inc. has entered into a Repurchase Agreement to buy back 1,662,862 common stock purchase warrants from an institutional investor for $1.5 million. This repurchase is contingent on the closing of a public offering. The investor also has the right to participate in the offering for at least $6 million and agreed to an 18-trading-day standstill period for an existing convertible note. Banzai International will cover $20,000 of the investor's legal fees.