Banzai International to repurchase and cancel warrants for $1.5 million
BNZI•Banzai International agreed to repurchase warrants covering up to 1,662,862 common shares for $1.5 million in cash. The deal is contingent on a public offering closing, and the warrants will be canceled upon payment.
1. Warrant repurchase terms
Banzai International agreed on October 20, 2026, to repurchase common stock purchase warrants from an institutional investor for $1.5 million in cash. The warrants have a current exercise price of $1.245 per share and cover up to 1,662,862 common shares; the repurchase is contingent on a public offering closing, after which the warrants will be canceled upon payment.
