Banzai announces institutional investor increased direct equity stake to 18.7%

Banzai (BNZI) International announced that it has issued 1,176,628 shares of Class A Common Stock to an institutional investor, pursuant to the full exercise of its Pre-Funded Warrants received in December 2024. On December 18, 2024, as consideration for its acquisition of ClearDoc, the Company issued securities in a private placement to certain ClearDoc shareholders, including the Investor. Pursuant to that issuance, the Investor acquired 49,996 shares of Class A Common Stock and 1,176,950 Pre-Funded Warrants with an exercise price of $0.001 per share. The Investor has not sold any shares issued under the private placement to date.