Loan & DebtAug 13, 2026, 08:32 AM
Banzai Issues $10.33M in Convertible Notes and Warrants Across Multiple Closings
AI Summary
Banzai International, Inc. has completed multiple closings of a private placement for senior secured convertible notes and warrants. The company issued approximately $10.33 million in convertible notes and associated warrants across five separate closings between June 2025 and August 2026. These notes are convertible into common stock, and the warrants allow for the purchase of additional common stock.
Key Highlights
- Initial closing on June 30, 2025, for $2,200,000 in notes and warrants for 161,100 shares.
- August 19, 2025 closing for $2,200,000 note and warrants for 160,001 shares at $2.75/share.
- October 8, 2025 closing for $2,500,000 note and warrants for 181,819 shares at $2.75/share.
- February 13, 2026 closing for $2,333,333.33 note and warrants for 169,689 shares at $2.75/share.
- August 12, 2026 closing for $1,099,989.00 note and warrants for 112,531 shares at $1.96/share.
- Total notes issued across all closings amount to approximately $10,333,322.33.
Price Impact
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