Banzai International to Execute 1-for-20 Reverse Stock Split on May 8
Effective May 8, 2026, Banzai International will implement a one-for-twenty reverse split, consolidating 22.9 million Class A shares into roughly 1.145 million and 677,118 Class B shares into about 33,856 post-split shares. The restructuring targets Nasdaq’s minimum bid price requirement, with options and warrants exercise prices adjusted accordingly.
1. Reverse Stock Split Details
On May 8, 2026, Banzai International will effect a one-for-twenty reverse split of its Class A and Class B common stock. Every twenty pre-split shares will convert into one post-split share, and the Class A shares will trade under new CUSIP 06682J605 while retaining the same trading symbol.
2. Impact on Outstanding Shares
Prior to the split, there were 22,910,282 Class A shares and 677,118 Class B shares outstanding. Post-split, those counts will adjust to approximately 1,145,515 Class A shares and 33,856 Class B shares, with the number of shares issuable under stock options and warrants reduced proportionally and aggregate exercise prices increased.
3. Nasdaq Minimum Bid Price Objective
The reverse split is intended to raise the per-share trading price to meet Nasdaq’s minimum bid price requirement and maintain continued listing eligibility. While the action seeks compliance, there is no guarantee that the post-split price will satisfy listing standards.
4. Fractional Share Treatment
No fractional shares will be issued; any fractional entitlement will be rounded up to the nearest whole share. Shareholders holding certificates will receive instructions from the transfer agent for exchanging old certificates for post-split shares.