Banzai International(BNZI)

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Banzai International(BNZI) - 2023 Q4 - Annual Report
2024-04-01 21:28
Commission File Number 001-39826 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Banzai International, Inc. (Exact name of Registrant as specified in its Charter) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Indicate by check mark if the Registrant is a ...
Banzai International(BNZI) - 2023 Q3 - Quarterly Report
2023-11-21 01:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 7GC & Co. Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 001-39826 N/A (State or other jurisdiction of incorporat ...
Banzai International(BNZI) - 2023 Q2 - Quarterly Report
2023-08-21 21:05
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 7GC & Co. Holdings Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawar ...
Banzai International(BNZI) - 2023 Q1 - Quarterly Report
2023-05-19 21:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 7GC & Co. Holdings Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawa ...
Banzai International(BNZI) - 2022 Q4 - Annual Report
2023-03-31 01:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39826 7GC & Co. Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 85-3118980 (State or ...
Banzai International(BNZI) - 2022 Q3 - Quarterly Report
2022-11-10 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___________ to__________ 7GC & Co. Holdings Inc. (Exact name of registrant as specified in its charter) Delaware 001-39826 N/A (Commission File Number) (I.R.S. Employ ...
Banzai International(BNZI) - 2022 Q2 - Quarterly Report
2022-08-12 20:16
Financial Performance - As of June 30, 2022, the company reported a net income of approximately $2.8 million for the three months ended June 30, 2022, primarily from changes in fair value of derivative warrant liabilities[126] - For the six months ended June 30, 2022, the company had a net income of approximately $9.5 million, driven by approximately $9.9 million in income from changes in fair value of derivative warrant liabilities[129] - The company reported a net loss of approximately $4.3 million for the three months ended June 30, 2021, primarily due to losses from changes in fair value of derivative warrant liabilities[128] Initial Public Offering (IPO) - The Initial Public Offering (IPO) generated gross proceeds of $230.0 million from the sale of 23,000,000 units at $10.00 per unit, with offering costs of approximately $13.2 million[117] - The underwriters received a cash underwriting discount of 2.0% of the gross proceeds from the IPO, totaling approximately $4.6 million[132] - The company has placed $230.0 million in a Trust Account, invested in U.S. government securities, until the completion of a Business Combination or distribution to stockholders[119] Business Viability and Concerns - The company had a working capital deficit of approximately $944,000 as of June 30, 2022, raising substantial doubt about its ability to continue as a going concern[122] - If a Business Combination is not completed by December 28, 2022, the company will cease operations and redeem Public Shares at a price equal to the amount in the Trust Account[121] Economic and Market Risks - The company's operations may be adversely affected by economic uncertainty and volatility in financial markets, including downturns and inflation[143] - Factors such as increases in oil prices and interest rates could negatively impact the company's business[143] - Supply chain disruptions and declines in consumer confidence and spending are potential risks to the company's performance[143] - The ongoing effects of the COVID-19 pandemic, including new variants, remain a concern for the company's operations[143] - Geopolitical instability, such as the military conflict in Ukraine, could also affect the company's ability to complete an initial Business Combination[143] Regulatory Classification - The company is classified as an emerging growth company under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[140] - The company is classified as a smaller reporting company and is not required to provide extensive market risk disclosures[144]
Banzai International(BNZI) - 2022 Q1 - Quarterly Report
2022-05-16 20:08
Financial Performance - The company had a net income of approximately $6.7 million for the three months ended March 31, 2022, compared to a net income of approximately $11.0 million for the same period in 2021[119][120]. - The company incurred approximately $340,000 in general and administrative expenses and approximately $49,000 in franchise tax expense for the three months ended March 31, 2022[119]. Initial Public Offering (IPO) - The initial public offering (IPO) generated gross proceeds of $230.0 million from the sale of 23,000,000 units at $10.00 per unit, with offering costs of approximately $13.2 million[110]. - The underwriters of the IPO are entitled to a cash underwriting discount of 2.0% of the gross proceeds, totaling approximately $4.6 million, and a deferred fee of approximately $8.1 million[122]. Cash and Working Capital - As of March 31, 2022, the company had approximately $0.5 million in cash and a working capital deficit of approximately $710,000[115]. - The company placed $230.0 million of net proceeds from the IPO and certain proceeds from the private placement into a trust account, invested in U.S. government securities[112]. Business Continuity - If the company fails to complete a business combination by December 28, 2022, it will cease operations and redeem public shares at a price equal to the amount in the trust account[114]. Equity and Liabilities - The company has 23,000,000 shares of Class A common stock subject to possible redemption, classified as temporary equity[126]. - The company recognizes derivative warrant liabilities at fair value, with changes in fair value recorded in the statements of operations[124]. COVID-19 Impact - The company continues to evaluate the impact of the COVID-19 pandemic, which remains uncertain as of the date of the financial statements[117]. Regulatory Classification - The company is classified as a smaller reporting company under Rule 12b-2 of the Securities Exchange Act of 1934, and is not required to provide the information typically mandated under this item[135].
Banzai International(BNZI) - 2021 Q4 - Annual Report
2022-04-01 20:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 | Delaware | N/A | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification Number) | | 388 Market Street, Suite 1300 | | | San Francis ...
Banzai International(BNZI) - 2021 Q3 - Quarterly Report
2021-11-15 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___________ to__________ 7GC & Co. Holdings Inc. (Exact name of registrant as specified in its charter) | Delaware | 001-39826 | N/A | | --- | --- | --- | | (State or ...