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Banzai International, Inc.
Banzai International approved a 1-for-10 reverse stock split at its special meeting on October 16, 2026, with trading on a split-adjusted basis beginning October 27, 2026. Additionally, the company is changing its corporate name to 'Parabolic Technologies, Inc.' to maintain compliance with Nasdaq's minimum bid price requirements.…more
Banzai International, Inc.
Banzai International has agreed to repurchase and cancel existing warrants for 1,662,862 shares from an institutional investor for $1.5 million in cash, contingent upon the closing of a public offering. The investor has secured a participation right of at least $6 million in the offering and agreed to a standstill period of 18 trading days regarding the conversion and hedging of their existing senior secured convertible note.…more
Banzai International, Inc.
Banzai International will hold a special meeting of stockholders on October 30, 2026, to vote on increasing authorized shares from 350 million to 850 million. The meeting will also address the approval of potential public offering issuances and the issuance of shares upon conversion of notes and exercise of warrants held by Evergreen Capital Management to comply with Nasdaq listing rules.…more
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Banzai Announces Name Change and 1-for-10 Reverse Stock Split
Banzai International will rebrand to Parabolic Technologies and implement a 1-for-10 reverse stock split to maintain Nasdaq listing compliance. This move aims to increase the per-share price but does not fundamentally alter the company's valuation.…more
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Banzai International has agreed to repurchase warrants for up to 1,662,862 shares of common stock for $1.5 million. The company also granted the investor participation rights in future offerings of at least $6 million and agreed to cover associated legal fees.…more
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Parabolic announced preliminary third-quarter revenue of $4.7 million, marking a 106% increase compared to the previous quarter. This growth reflects the successful integration of its recently acquired ConnectAndSell platform.…more
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