Recent Updates — PARA

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.

On September 25, 2026, Banzai International, Inc. entered into a subscription agreement with CEO and Chairman Joseph Davy for the purchase of 115,965 shares of Class B Common Stock at $0.70 per share, totaling $81,176. The price matched the consolidated closing bid price of the Company’s Class A Common Stock on the Nasdaq Capital Market immediately preceding execution. Following this transaction, Mr. Davy maintains a 25.6% voting interest in the company's voting securities. Banzai International, Inc. operates in the financial services industry, specifically providing digital asset and cryptocurrency investment solutions.

Banzai International entered into a Securities Purchase Agreement with Evergreen Capital Management to issue a convertible promissory note and warrants in a private placement. The company received $1,500,000 in initial gross proceeds for an initial note principal of $2,142,857, which may increase to $3,571,428 upon subsequent tranche fundings. The note bears 10% annual interest, matures on June 4, 2027, and converts at $2.75 per share. Concurrently, the company issued warrants for up to 779,221 shares exercisable at $2.75 per share. Directors and officers entered into 90-day lock-up agreements. The company must seek stockholder approval to issue shares exceeding 20% of outstanding equity at a discount. Banzai International operates in the digital entertainment industry, providing online gaming and betting platforms.