Core Insights - Banzai International, Inc. has signed a definitive agreement to acquire Vidello, a video hosting and marketing suite provider, which is expected to add $6.5 million in revenue and $2.3 million in EBITDA for the twelve-month period ending September 30, 2024 on a pro-forma basis [1][8] Company Overview - Vidello has over 90,000 customers and offers key products such as CreateStudio, which has been recognized as a Top 3 Best Rated product in the video maker category by Capterra and a High Performer by G2 [2] - The company provides a comprehensive suite of tools for video creation, hosting, and marketing, aimed at helping online businesses grow [9][13] Transaction Details - The acquisition will involve an aggregate payment of up to $7 million, consisting of cash and equity, subject to certain holdback amounts and performance targets [1][12] - The transaction is expected to close in December 2024, pending customary closing conditions [12] Strategic Importance - The acquisition is seen as a strategic move for Banzai to enhance its portfolio of AI-powered marketing tools, with a focus on video content as a key marketing medium [11] - Banzai's CEO expressed confidence that Vidello's products will significantly ease the process of creating engaging video content, which is increasingly important in marketing [11]

Company Overview - Banzai International, Inc. is a leading marketing technology company that provides essential marketing and sales solutions, with a vision to build an AI-powered platform to help businesses grow [3][6] - The company has successfully closed the acquisition of OpenReel, a digital video creation platform, enhancing its service offerings [1][4] Acquisition Details - The acquisition of OpenReel involved issuing 930,558 shares of Class A Common Stock and 11,769,501 Pre-Funded Warrants, totaling $19.6 million [4] - OpenReel's platform allows companies to create high-quality, branded video content efficiently, serving a diverse customer base including Fortune 500 companies [2][5] Financial Outlook - Banzai plans to exceed its previously disclosed revenue guidance of $10.0 million for FY 2024, indicating strong growth expectations [1]

Core Insights - Banzai International, Inc. has appointed Nancy Norton as Chief Legal Officer, bringing extensive legal and corporate governance expertise to the company [1][2][3] - Nancy Norton has a strong background in guiding high-tech and biotech companies through growth, having held significant legal positions at Novartis, Kymeta, Ingram Micro Cloud, and Avanade [2][3] - The company aims to leverage Norton's expertise in licensing, privacy, regulatory matters, M&A, and commercial transactions to enhance its strategic and legal capabilities as it scales [3] Company Overview - Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes, focusing on customer growth [4] - The company serves a diverse clientele, including notable names such as Cisco, New York Life, and Hewlett Packard Enterprise, among thousands of others [4]

SEATTLE, Dec. 04, 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 has engaged Shareholder Intelligence Services, LLC (“ShareIntel”) to review the trading history of the Company's common stock. ShareIntel utilizes a patented process called DRIL-Down™ to aggregate and analyze and monitor repository data from reporting entities, broker-dealers and ...

Core Viewpoint - Banzai International, Inc. has approved the purchase of Bitcoin as a treasury reserve asset to diversify its financial holdings and hedge against inflation [1][2]. Financial Strategy - The Board of Directors has authorized the use of company funds to purchase Bitcoin, allowing for up to 10% of the corporate treasury account to be allocated for this purpose [2]. - The company reported a strong balance sheet with cash of $4.3 million at the end of Q3 2024, which is an all-time high [3]. Management Perspective - The CEO of Banzai believes that Bitcoin will diversify treasury holdings and position the company to benefit from its long-term value, citing growing institutional adoption as a key factor [3]. - The diversification strategy is part of broader improvements to the company's balance sheet and cost structure, aimed at achieving sustainable profitability without impacting growth plans [3]. Company Overview - Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes, with a mission to help customers grow [4]. - The company serves a diverse clientele, including notable names such as Cisco, New York Life, and Hewlett Packard Enterprise [4].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 001-39826 85-3118980 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.0001 per share BNZI The Nasdaq Capital Market Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 BNZIW The Nasdaq Ca ...

Q3 2024 Annual Recurring Revenue Increased by 31% Annualized to $4.4 Million, a 7% Sequential Increase from Q2 2024 Q3 2024 Annualized Adjusted Net Loss Improved by $12.2 Million, a $3.0 Million Sequential Increase to ($1.45) Million, Bringing the Company Closer to Profitability Management to Host Third Quarter 2024 Results Conference Call Today, November 14, 2024 at 5:30 p.m. Eastern Time SEATTLE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a lea ...

These accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that might result from the outcome of this uncertainty. The Company's unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") as determined by the Financial Accounting Standards Board ("FASB") Accounting Stan ...

OpenAI-Powered Curate Automatically Writes and Publishes Newsletters, and Grows Subscribers SEATTLE, Oct. 31, 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 the launch of Curate, an AI-powered newsletter platform designed to streamline content creation and audience engagement for organizations of all sizes. Traditional newsletters require multiple pro ...

SEATTLE, Oct. 22, 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 has received notice from The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the "Rule") for continued listing. To regain compliance with the Rule, the Company's ...