Banzai revises private placement terms, sets $250,000 cross-default threshold
BNZI•Banzai amended the terms of its September 4, 2026, private placement with Evergreen Capital Management, setting a $250,000 cross-default threshold and restructuring a $500,000 tranche into two payments.
1. Amended placement terms
The amendment gives Evergreen a 25% participation right in future financings through September 18, 2027, or until Aegis stops serving as investment bank. Tranche 2 funding was split into payments of $190,000 and $310,000, replacing one $500,000 tranche.
