Banzai Completes Private Placement to Strengthen Financial Position

Banzai Completes Private Placement to Enhance Financial Position

Banzai, a leading marketing technology company, has successfully completed a private placement to bolster its financial standing and support its growth initiatives. The company utilized the net proceeds from this offering to fully repay its outstanding credit facility with Yorkville Advisors. The securities involved in this transaction were offered under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D, making them exempt from registration under U.S. securities laws. Consequently, these securities cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption.

About Banzai

Banzai is dedicated to providing essential marketing and sales solutions for businesses, empowering them to target, engage, and measure customer interactions effectively. The company's clientele includes prominent names like Square, Hewlett Packard Enterprise, and Thermo Fisher Scientific. Banzai's platform aims to enhance customer retention and drive revenue growth for businesses of all sizes.

Forward-Looking Statements

This press release contains forward-looking statements that reflect Banzai's expectations regarding its financial and operational performance. These statements, which involve risks and uncertainties, are not guarantees of future performance. Factors such as market changes, customer demand, and economic conditions could impact actual results. Banzai advises investors to consider these factors and refer to the company's filings with the SEC for more detailed risk information.

Contact Information

For investor inquiries, contact Chris Tyson, Executive Vice President at MZ Group North America, at 949-491-8235 or via email at BNZI@mzgroup.us. For media inquiries, reach out to Rachel Meyrowitz, Director of Demand Generation at Banzai, at rachel.meyrowitz@banzai.io.