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Banzai International approves 1-for-10 reverse stock split and name change to Parabolic Technologies
PARAParabolic Technologies, Inc.
Shareholders approved a one-for-ten reverse stock split of Class A and Class B common stock, reducing outstanding shares from approximately 5.2 million to roughly 521 thousand. The corporate name will officially change to Parabolic Technologies, Inc., effective at market open on October 27, 2026. Trading will resume on a split-adjusted basis under the symbol PARA with a new CUSIP number. The company builds agentic applications that power the future of business.