Banzai Announces $24.8 Million Debt Payoff and Restructuring Agreements with Participation from Company Insiders
Banzai International, Inc. - Class A (BNZI)
Company Research
Source: GlobeNewswire
Agreements to Significantly Improve Balance Sheet by Reducing Total Debt, Deferring Principal and Interest Payments, and Substantially Lowering Near-Term Cash Needs SEATTLE, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it entered into agreements with lenders and service providers to write off up to $5.6 million of outstanding liabilities and restructure a further $19.2 million of its existing debt obligations, improving the Company's overall financial position by amending certain credit obligations and extending the maturity of certain debt facilities. Including the previously executed Cantor Fitzgerald fee restructuring, this represents a total of $28.8 million in anticipated reduced and restructured liabilities. Banzai has reached an agreement with creditors to eliminate approximately $15.3 million of debt
Show less
Read more
Impact Snapshot
Event Time:
BNZI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BNZI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BNZI alerts
High impacting Banzai International, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
BNZI
News
- Banzai’s Demio Wins Multiple Recognitions from Gartner Digital Markets in 2024GlobeNewswire
- Banzai Reports Third Quarter 2024 Financial Results; Annualized Adjusted Net Loss Improvement of $12.2 MillionGlobeNewswire
- Banzai Regains Compliance with Nasdaq Minimum Market Value of Publicly Held Shares RequirementGlobeNewswire
- Banzai Q3 2024 Preliminary Financial Results: Profitability in Sight Following $14.5M Annualized Adjusted Net Income Improvement; 31% Annualized ARR Growth RateGlobeNewswire
- Banzai Announces Listing Transfer to Nasdaq Capital Market Pursuant to Nasdaq Compliance PlanGlobeNewswire
BNZI
Analyst Actions
- 8/29/24 - Ascendiant Capital
BNZI
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 424B3
- 11/18/24 - Form 424B3
- BNZI's page on the SEC website