Banzai International, Inc. Announces Successful Closing of Private Placement

SEATTLE, Sept. 26, 2024 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI)

Banzai International, Inc., a leading marketing technology company that offers essential solutions for marketing and sales, has recently completed a private placement offering at-the-market under the rules of the Nasdaq Stock Market. The company issued and sold a total of 1,176,471 shares of Class A common stock (or pre-funded warrant), along with Series A warrants and short-term Series B warrants, all at a purchase price of $4.25 per share.

This successful closing of the private placement signifies a significant milestone for Banzai and demonstrates investor confidence in the company’s growth prospects and strategic initiatives. The funds raised through this offering will be used to support Banzai’s continued expansion and innovation in the marketing technology industry.

Impact on Individuals:

For individual investors, the completion of this private placement may present an opportunity to explore investment options in Banzai International, Inc. As the company continues to make strides in the marketing technology sector, investors may consider the potential for growth and returns associated with owning shares of Banzai.

Impact on the World:

The successful closing of Banzai’s private placement signals a positive development for the marketing technology industry as a whole. Banzai’s innovative solutions and continued growth serve as a testament to the potential for advancement and evolution within the sector, ultimately benefiting businesses and consumers worldwide.

Conclusion:

Overall, Banzai International, Inc.’s completion of the private placement marks a significant achievement for the company and the marketing technology industry. With a focus on growth and innovation, Banzai is poised to continue making an impact in the sector and beyond, offering essential solutions for marketing and sales professionals. Investors and industry stakeholders alike can look forward to the continued success and progress of Banzai International, Inc.