Banzai International issues additional $1.1 million senior secured convertible notes in August 2026 closing
BZAI•Additional note closing brings total issuance to about $10.33 million
Banzai International completed an additional closing in its senior secured convertible notes offering, issuing a $1.1 million note.
The August 2026 note carries an initial conversion price of $1.96 per share, down from $2.75 in earlier tranches.
Total notes issued across all closings reached about $10.33 million, versus up to $11 million authorized under the purchase agreement.
The new note matures on Aug. 12, 2027.
