tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Banzai International Closes $11M Private Placement

Story Highlights
Banzai International Closes $11M Private Placement

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Banzai International ( (BNZI) ) has provided an announcement.

On June 27, 2025, Banzai International entered into a securities purchase agreement with an institutional investor for a private placement of senior secured convertible notes worth $11 million. The offering closed on June 30, 2025, and the company plans to use the net proceeds for general corporate purposes and working capital. Additionally, Banzai announced a one-for-ten reverse stock split effective July 8, 2025, to increase the per-share price of its Class A Common Stock and maintain compliance with Nasdaq’s minimum bid price requirement. This move will consolidate every ten shares into one, affecting all issued and outstanding shares uniformly.

The most recent analyst rating on (BNZI) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Banzai International stock, see the BNZI Stock Forecast page.

Spark’s Take on BNZI Stock

According to Spark, TipRanks’ AI Analyst, BNZI is a Underperform.

Banzai International faces severe financial weaknesses with negative cash flows and high leverage, posing significant risks. Technical analysis is neutral, and the valuation is unattractive due to negative profitability. Recent corporate events show potential for improvement, but the overall financial instability remains a major concern.

To see Spark’s full report on BNZI stock, click here.

More about Banzai International

Banzai International, Inc. is a marketing technology company that offers AI-enabled marketing and sales solutions for businesses of all sizes. The company aims to help its customers grow by enabling them to target, engage, and measure both new and existing customers more effectively. Banzai serves over 90,000 customers, including notable names like RBC, Dell Technologies, and New York Life.

Average Trading Volume: 1,844,454

Technical Sentiment Signal: Strong Sell

Current Market Cap: $12.73M

For detailed information about BNZI stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1