{"success":true,"data":{"pressRelease":{"id":"23019","rtpr_id":"nGNX6YRbLQ","ticker":"BNZI","exchange":"NASDAQ","all_tickers":["BNZI"],"title":"Banzai Announces Reverse Stock Split","author":"Globe Newswire","published_at":"2026-05-06T12:00:00.576Z","article_body":"SEATTLE, May 06, 2026 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:\nBNZI) (“Banzai” or the “Company”), a leading marketing technology\ncompany that provides essential marketing and sales solutions, today announced\nthat effective at market open on May 8, 2026, the Company will effect a\none-for-twenty (1-for-20) reverse stock split of its outstanding Class A\nCommon Stock and Class B Common Stock (together with the Class A Common Stock,\nthe “Common Stock”).\n\nThe reverse stock split is primarily intended to increase the per share price\nof Banzai’s Class A Common Stock and maintain compliance with the Nasdaq\nMinimum Bid Price Requirement, although neither outcome is guaranteed. The\nCompany's Class A Common Stock will continue to trade under the symbol \"BNZI\".\nUpon the effectiveness of the reverse stock split, every twenty shares of\nissued and outstanding Common Stock before the open of business on May 8,\n2026, will be combined into one issued and outstanding share of common stock,\nwith no change in par value per share. The Company's Class A Common Stock will\nopen for trading on Nasdaq on May 8, 2026, on a post-split basis but will\ntrade under a new CUSIP Number, 06682J605.\n\nPrior to the reverse stock split, there were 22,910,282 shares of Class A\nCommon Stock and 677,118 shares of Class B Common Stock outstanding. The\nnumber of issued and outstanding shares of Common Stock after the reverse\nstock split would be approximately 1,145,515 and 33,856 shares of Class A\nCommon Stock and Class B Common Stock, respectively. No fractional shares will\nbe issued as a result of the reverse stock split. Any fractional shares that\nwould result from the reverse stock split will be rounded up to the nearest\nwhole share.\n\nThe reverse stock split will affect all issued and outstanding shares of the\nCompany's Common Stock, as well as the number of shares of Common Stock\navailable for issuance under the Company's stock options and warrants. In\naddition, the reverse stock split will reduce the number of shares of Common\nStock issuable upon the exercise of stock options and warrants outstanding\nimmediately prior to the reverse split and correspondingly increase the\nrespective aggregate exercise prices. The reverse stock split will affect all\nholders of Common Stock uniformly and will not alter any shareholder's\npercentage interest in the Company's Common Stock, except to the extent that\nthe reverse stock split results in some shareholders experiencing an\nadjustment of a fractional share as described above.\n\nShareholders holding share certificates will receive information from\nContinental Stock Transfer & Trust Company, the Company's transfer agent,\nregarding the process for exchanging their shares of common stock.\nShareholders with questions may contact our transfer agent by calling\n800-509-5586.\n\nAbout Banzai\n\nBanzai is a marketing technology company that provides AI-enabled marketing\nand sales solutions for businesses of all sizes. On a mission to help their\ncustomers grow, Banzai enables companies of all sizes to target, engage, and\nmeasure both new and existing customers more effectively. Banzai has over\n150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher\nScientific, RBC Wealth Management, and Fitch Group. Learn more at\nwww.banzai.io. For investors, please visit ir.banzai.io\n(https://www.globenewswire.com/Tracker?data=YRddAghb-b_D5biUg-IScrzf7ocjJDWlr7Y42CxjDSw3AUsSHNdbvmm1fz61gTLXCmGBQ6pzmRHC0i-sUbIXqQ==).\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. Forward-looking\nstatements often use words such as “believe,” “may,” “will,”\n“estimate,” “target,” “continue,” “anticipate,” “intend,”\n“expect,” “should,” “would,” “propose,” “plan,”\n“project,” “forecast,” “predict,” “potential,” “seek,”\n“future,” “outlook,” and similar variations and expressions.\nForward-looking statements are those that do not relate strictly to historical\nor current facts. Examples of forward-looking statements may include, among\nothers, statements regarding Banzai International, Inc.’s (the\n“Company’s”): future financial, business and operating performance and\ngoals; annualized recurring revenue and customer retention; ongoing, future or\nability to maintain or improve its financial position, cash flows, and\nliquidity and its expected financial needs; potential financing and ability to\nobtain financing; acquisition strategy and proposed acquisitions and, if\ncompleted, their potential success and financial contributions; strategy and\nstrategic goals, including being able to capitalize on opportunities;\nexpectations relating to the Company’s industry, outlook and market trends;\ntotal addressable market and serviceable addressable market and related\nprojections; plans, strategies and expectations for retaining existing or\nacquiring new customers, increasing revenue and executing growth initiatives;\nand product areas of focus and additional products that may be sold in the\nfuture. Because forward-looking statements relate to the future, they are\nsubject to inherent uncertainties, risks and changes in circumstances that are\ndifficult to predict and many of which are outside of our control.\nForward-looking statements are not guarantees of future performance, and our\nactual results of operations, financial condition and liquidity and\ndevelopment of the industry in which the Company operates may differ\nmaterially from those made in or suggested by the forward-looking statements.\nTherefore, investors should not rely on any of these forward-looking\nstatements. Factors that may cause actual results to differ materially include\nchanges in the markets in which the Company operates, customer demand, the\nfinancial markets, economic, business and regulatory and other factors, such\nas the Company’s ability to execute on its strategy. More detailed\ninformation about risk factors can be found in the Company’s Annual Report\non Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the\nheading “Risk Factors,” and in other reports filed by the Company,\nincluding reports on Form 8-K. The Company does not undertake any duty to\nupdate forward-looking statements after the date of this press release.\n\nInvestor Relations\nDean Ditto\nChief Financial Officer, Banzai\n206 414-1777\nir.banzai.io\n(https://www.globenewswire.com/Tracker?data=YRddAghb-b_D5biUg-ISctyEzVG_1IYGoHqasCwTkiMK2dS24XEyq-AKCMNncUl0mM23sqaB4JuiYPClRT5jXQ==)\n\nMedia\nNancy Norton\nChief Legal Officer, Banzai\nmedia@banzai.io\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0c758ecb-e9fa-4770-8dac-6c333eba9b7d)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6YRbLQ","title":"Banzai Announces Reverse Stock Split","author":"Globe Newswire","ticker":"BNZI","created":"2026-05-06T12:00:00.576Z","tickers":["BNZI"],"exchange":"NASDAQ","article_body":"SEATTLE, May 06, 2026 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:\nBNZI) (“Banzai” or the “Company”), a leading marketing technology\ncompany that provides essential marketing and sales solutions, today announced\nthat effective at market open on May 8, 2026, the Company will effect a\none-for-twenty (1-for-20) reverse stock split of its outstanding Class A\nCommon Stock and Class B Common Stock (together with the Class A Common Stock,\nthe “Common Stock”).\n\nThe reverse stock split is primarily intended to increase the per share price\nof Banzai’s Class A Common Stock and maintain compliance with the Nasdaq\nMinimum Bid Price Requirement, although neither outcome is guaranteed. The\nCompany's Class A Common Stock will continue to trade under the symbol \"BNZI\".\nUpon the effectiveness of the reverse stock split, every twenty shares of\nissued and outstanding Common Stock before the open of business on May 8,\n2026, will be combined into one issued and outstanding share of common stock,\nwith no change in par value per share. The Company's Class A Common Stock will\nopen for trading on Nasdaq on May 8, 2026, on a post-split basis but will\ntrade under a new CUSIP Number, 06682J605.\n\nPrior to the reverse stock split, there were 22,910,282 shares of Class A\nCommon Stock and 677,118 shares of Class B Common Stock outstanding. The\nnumber of issued and outstanding shares of Common Stock after the reverse\nstock split would be approximately 1,145,515 and 33,856 shares of Class A\nCommon Stock and Class B Common Stock, respectively. No fractional shares will\nbe issued as a result of the reverse stock split. Any fractional shares that\nwould result from the reverse stock split will be rounded up to the nearest\nwhole share.\n\nThe reverse stock split will affect all issued and outstanding shares of the\nCompany's Common Stock, as well as the number of shares of Common Stock\navailable for issuance under the Company's stock options and warrants. In\naddition, the reverse stock split will reduce the number of shares of Common\nStock issuable upon the exercise of stock options and warrants outstanding\nimmediately prior to the reverse split and correspondingly increase the\nrespective aggregate exercise prices. The reverse stock split will affect all\nholders of Common Stock uniformly and will not alter any shareholder's\npercentage interest in the Company's Common Stock, except to the extent that\nthe reverse stock split results in some shareholders experiencing an\nadjustment of a fractional share as described above.\n\nShareholders holding share certificates will receive information from\nContinental Stock Transfer & Trust Company, the Company's transfer agent,\nregarding the process for exchanging their shares of common stock.\nShareholders with questions may contact our transfer agent by calling\n800-509-5586.\n\nAbout Banzai\n\nBanzai is a marketing technology company that provides AI-enabled marketing\nand sales solutions for businesses of all sizes. On a mission to help their\ncustomers grow, Banzai enables companies of all sizes to target, engage, and\nmeasure both new and existing customers more effectively. Banzai has over\n150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher\nScientific, RBC Wealth Management, and Fitch Group. Learn more at\nwww.banzai.io. For investors, please visit ir.banzai.io\n(https://www.globenewswire.com/Tracker?data=YRddAghb-b_D5biUg-IScrzf7ocjJDWlr7Y42CxjDSw3AUsSHNdbvmm1fz61gTLXCmGBQ6pzmRHC0i-sUbIXqQ==).\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. Forward-looking\nstatements often use words such as “believe,” “may,” “will,”\n“estimate,” “target,” “continue,” “anticipate,” “intend,”\n“expect,” “should,” “would,” “propose,” “plan,”\n“project,” “forecast,” “predict,” “potential,” “seek,”\n“future,” “outlook,” and similar variations and expressions.\nForward-looking statements are those that do not relate strictly to historical\nor current facts. Examples of forward-looking statements may include, among\nothers, statements regarding Banzai International, Inc.’s (the\n“Company’s”): future financial, business and operating performance and\ngoals; annualized recurring revenue and customer retention; ongoing, future or\nability to maintain or improve its financial position, cash flows, and\nliquidity and its expected financial needs; potential financing and ability to\nobtain financing; acquisition strategy and proposed acquisitions and, if\ncompleted, their potential success and financial contributions; strategy and\nstrategic goals, including being able to capitalize on opportunities;\nexpectations relating to the Company’s industry, outlook and market trends;\ntotal addressable market and serviceable addressable market and related\nprojections; plans, strategies and expectations for retaining existing or\nacquiring new customers, increasing revenue and executing growth initiatives;\nand product areas of focus and additional products that may be sold in the\nfuture. Because forward-looking statements relate to the future, they are\nsubject to inherent uncertainties, risks and changes in circumstances that are\ndifficult to predict and many of which are outside of our control.\nForward-looking statements are not guarantees of future performance, and our\nactual results of operations, financial condition and liquidity and\ndevelopment of the industry in which the Company operates may differ\nmaterially from those made in or suggested by the forward-looking statements.\nTherefore, investors should not rely on any of these forward-looking\nstatements. Factors that may cause actual results to differ materially include\nchanges in the markets in which the Company operates, customer demand, the\nfinancial markets, economic, business and regulatory and other factors, such\nas the Company’s ability to execute on its strategy. More detailed\ninformation about risk factors can be found in the Company’s Annual Report\non Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the\nheading “Risk Factors,” and in other reports filed by the Company,\nincluding reports on Form 8-K. The Company does not undertake any duty to\nupdate forward-looking statements after the date of this press release.\n\nInvestor Relations\nDean Ditto\nChief Financial Officer, Banzai\n206 414-1777\nir.banzai.io\n(https://www.globenewswire.com/Tracker?data=YRddAghb-b_D5biUg-ISctyEzVG_1IYGoHqasCwTkiMK2dS24XEyq-AKCMNncUl0mM23sqaB4JuiYPClRT5jXQ==)\n\nMedia\nNancy Norton\nChief Legal Officer, Banzai\nmedia@banzai.io\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0c758ecb-e9fa-4770-8dac-6c333eba9b7d)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-06T12:00:00.654287321Z","server_sent_at_ms":1778068800654},"received_at":"2026-05-06T12:00:00.721Z","source_url":null},"analysis":{"id":"17092","press_release_id":"23019","analysis_json":{"industry":{"label":"Software & Services","sector":"Information Technology"},"redFlags":["reverse split implemented to maintain Nasdaq listing compliance","high split ratio (1-for-20) indicates significant prior price depression"],"eventType":"other","narrative":"Banzai International announced a 1-for-20 reverse stock split effective at market open on May 8, 2026.\n\nThe action is intended to increase the per-share price to maintain compliance with the Nasdaq Minimum Bid Price Requirement, with shares trading under a new CUSIP number.\n\nPre-split totals included approximately 22.9 million Class A shares, which will reduce to about 1.15 million post-split, while fractional shares will be rounded up.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Technical corporate action to maintain listing; no change in fundamental value."},"keyFigures":{"customDimensions":{"split_ratio":"1-for-20","pre_split_shares_class_a":22910282,"pre_split_shares_class_b":677118,"post_split_shares_class_a_est":1145515,"post_split_shares_class_b_est":33856}},"quotedText":"","namedEntities":{"people":[{"name":"Dean Ditto","role":"Chief Financial Officer"},{"name":"Nancy Norton","role":"Chief Legal Officer"}],"products":[],"companies":[{"name":"Banzai International, Inc.","ticker":"BNZI"},{"name":"Continental Stock Transfer & Trust Company","relationship":"transfer agent"},{"name":"Amazon","relationship":"customer"},{"name":"Dell","relationship":"customer"},{"name":"Salesforce","relationship":"customer"},{"name":"Aflac","relationship":"customer"},{"name":"Thermo Fisher Scientific","relationship":"customer"},{"name":"RBC Wealth Management","relationship":"customer"},{"name":"Fitch Group","relationship":"customer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Reverse stock split is a corporate action affecting share structure but not intrinsic business value. Score reflects the technical nature of the event and its primary goal of maintaining Nasdaq listing compliance."},"tickerRelevance":{"others":[],"primary":"BNZI"},"globalImportance":5,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"corporate_action_reverse_split","sectorWeight":"IT"}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Banzai International announced a 1-for-20 reverse stock split effective at market open on May 8, 2026.\n\nThe action is intended to increase the per-share price to maintain compliance with the Nasdaq Minimum Bid Price Requirement, with shares trading under a new CUSIP number.\n\nPre-split totals included approximately 22.9 million Class A shares, which will reduce to about 1.15 million post-split, while fractional shares will be rounded up.","key_figures":{"customDimensions":{"split_ratio":"1-for-20","pre_split_shares_class_a":22910282,"pre_split_shares_class_b":677118,"post_split_shares_class_a_est":1145515,"post_split_shares_class_b_est":33856}},"named_entities":{"people":[{"name":"Dean Ditto","role":"Chief Financial Officer"},{"name":"Nancy Norton","role":"Chief Legal Officer"}],"products":[],"companies":[{"name":"Banzai International, Inc.","ticker":"BNZI"},{"name":"Continental Stock Transfer & Trust Company","relationship":"transfer agent"},{"name":"Amazon","relationship":"customer"},{"name":"Dell","relationship":"customer"},{"name":"Salesforce","relationship":"customer"},{"name":"Aflac","relationship":"customer"},{"name":"Thermo Fisher Scientific","relationship":"customer"},{"name":"RBC Wealth Management","relationship":"customer"},{"name":"Fitch Group","relationship":"customer"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:511026a279f8af46","schema_hash":"sha256:96555d0809de301c","created_at":"2026-05-06T14:49:34.407Z","global_importance":5,"audience_relevance":15,"importance_components":{"tickerTier":"small-cap","eventGravity":"corporate_action_reverse_split","sectorWeight":"IT"}},"durationMs":46402,"modelName":"glm-4.7"}}