Banzai International prices USD 2.14 million convertible note private placement with warrants
BNZI•Private placement terms
Banzai International entered a private placement on Sept. 4, 2026 with an accredited investor under Section 4(a)(2) and Rule 506.
Securities include a convertible promissory note of USD 2.14 million, expandable to USD 3.57 million via two additional tranches.
Initial closing delivered USD 1.5 million gross proceeds; the remaining USD 1 million is due in two equal tranches tied to specified events.
The note carries a 30% original issue discount, 10% interest, and a June 4, 2027 maturity. It converts at USD 2.75 per share.
Warrants tied to the financing
The investor also received a warrant for 779,221 shares, with up to 519,480 additional shares tied to subsequent tranche fundings.
