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Banzai Completes Acquisition of OpenReel, Expects to Exceed $10.0 Million 2024 Revenue Guidance
Newsfilter· 2024-12-19 13:31
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]
Banzai Appoints Nancy Norton as Chief Legal Officer
Globenewswire· 2024-12-18 21:05
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]
Banzai Engages ShareIntel to Investigate Potentially Improper and Illegal Trading Activity in the Company's Common Stock
GlobeNewswire News Room· 2024-12-04 13:31
Core Viewpoint - Banzai International, Inc. has engaged Shareholder Intelligence Services, LLC to review its trading history and ensure compliance with regulatory standards, aiming to protect shareholders and address any potential trading violations [1][2][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 by effectively targeting, engaging, and measuring both new and existing customers [4] Partnership with ShareIntel - The partnership with ShareIntel involves utilizing their patented DRIL-Down™ process to aggregate and analyze trading data, which will help Banzai monitor and address any abusive trading activities [2][3] - Banzai's management intends to implement corrective actions based on the findings from ShareIntel's data analysis [3] Shareholder Protection - The engagement with ShareIntel is part of Banzai's efforts to ensure adherence to regulatory standards and protect its shareholders from potential trading violations [2][3]
Banzai Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset
GlobeNewswire News Room· 2024-11-26 13:31
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].
Banzai International(BNZI) - 2024 Q3 - Quarterly Results
2024-11-19 21:30
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 ...
Banzai Reports Third Quarter 2024 Financial Results; Annualized Adjusted Net Loss Improvement of $12.2 Million
GlobeNewswire News Room· 2024-11-14 22:40
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 ...
Banzai International(BNZI) - 2024 Q3 - Quarterly Report
2024-11-14 22:29
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 ...
Banzai Launches Curate: A Groundbreaking AI-Driven Newsletter Solution
GlobeNewswire News Room· 2024-10-31 12:31
Core Insights - Banzai International, Inc. has launched Curate, an AI-powered newsletter platform aimed at enhancing content creation and audience engagement for organizations of all sizes [1][2] - Curate utilizes OpenAI's GPT-4o to automate the newsletter creation process, significantly reducing the time and cost associated with traditional newsletter production by 90% [2][3] - The platform is designed to help marketers achieve goals related to email subscribers, SEO, and lead generation, while providing analytics and customizable branding options [3] Company Overview - Banzai is a marketing technology company that offers essential marketing and sales solutions, targeting businesses of all sizes [5] - The company aims to assist clients in effectively engaging and measuring both new and existing customers, with a diverse client base including notable companies like Square and Hewlett Packard Enterprise [5] Product Integration - Curate integrates with Banzai's Reach product to enhance subscriber acquisition through effective email marketing campaigns [4] - The platform allows users to publish content to a branded website and set up regular updates, ensuring ongoing audience engagement with minimal effort [2][3]
Banzai Regains Compliance with NASDAQ Minimum Bid Price Rule
GlobeNewswire News Room· 2024-10-22 15:56
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 ...
Banzai Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communications Program
GlobeNewswire News Room· 2024-10-15 12:31
SEATTLE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) ("Banzai" or the "Company"), a leading marketing technology company that provides essential marketing and sales solutions, has engaged international investor relations specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets. MZ Group will work closely with Banzai's management team to develop and implement a comprehensive capital markets strat ...