Banzai institutional investor increases equity stake to 18.7% following exercise of warrants

* Banzai International (NASDAQ:BNZI [https://seekingalpha.com/symbol/BNZI]) said on Tuesday that it has issued 1.18M shares of class A common stock [https://seekingalpha.com/pr/20264690-banzai-announces-institutional-investor-increases-direct-equity-stake-to-18_7-percent] to an institutional investor, pursuant to the full exercise of its pre funded warrants received in December 2024.
* On December 18, 2024, as consideration for its acquisition of ClearDoc, the company issued securities in a private placement to certain ClearDoc shareholders, including the investor.
* Pursuant to that issuance, the investor acquired 49,996 shares of Class A common stock and 1.18M pre funded warrants with an exercise price of $0.001 per share. The investor has not sold any shares issued under the private placement to date.
* Following the exercise, the investor‘s beneficial ownership position increased to approximately 18.7% of the company's outstanding Class A Common Stock.
* Banzai International (NASDAQ:BNZI [https://seekingalpha.com/symbol/BNZI]) shares were up more than 4% in pre-market trading.

MORE ON BANZAI INTERNATIONAL

* Seeking Alpha’s Quant Rating on Banzai International [https://seekingalpha.com/symbol/BNZI/ratings/quant-ratings]
* Historical earnings data for Banzai International [https://seekingalpha.com/symbol/BNZI/earnings]
* Financial information for Banzai International [https://seekingalpha.com/symbol/BNZI/income-statement]