Banzai (BNZI) International has paid off approximately $20.3M of outstanding debt obligations in total through the first quarter of 2025. The Company completed the debt repayment pursuant to the $24.8M debt payoff and restructuring agreements announced on September 24, 2024. This includes the complete satisfaction of debts owed to Sidley Austin, Cooley, GEM Global Yield, Alco Investment Company, Cantor Fitzgerald, Roth Capital Partners, and J.V.B. Financial Group, as well as repayments to Perkins Coie and CP BF Lending.
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