Financing ·
Banzai International agrees to repurchase $1.5M of warrants ahead of public offering
BNZIBanzai International, Inc.
Banzai International entered into a Repurchase Agreement with an institutional investor on October 20, 2026, to cancel existing common stock purchase warrants for $1.5 million in cash. The transaction is contingent upon the closing of a concurrent public offering. Under the agreement, the investor must participate in the offering with a minimum commitment of $6 million and agreed to an eighteen-day standstill period regarding its senior secured convertible note. Banzai International operates in the technology sector.