Banzai International, Inc. Announces Closing of $0.9 Million Underwritten Public Offering
Banzai International (NASDAQ: BNZI) closed its previously announced underwritten public offering on July 14, 2026, raising approximately $0.9 million in gross proceeds before underwriting fees and expenses.
Rhea-AI Summary
Banzai International (NASDAQ: BNZI) closed its previously announced underwritten public offering on July 14, 2026, raising approximately $0.9 million in gross proceeds before underwriting fees and expenses. The offering comprised 327,273 shares of Class A common stock at a public offering price of $2.75 per share.
Banzai plans to use the net proceeds for working capital and general corporate purposes. The company granted Aegis Capital Corp. a 45-day over-allotment option to purchase up to 36,364 additional shares at the same price less the underwriting discount. Aegis Capital served as sole book-running manager under an effective Form S-3 shelf registration.
Positive
- Gross proceeds of ~$0.9 million from underwritten equity offering
- 327,273 new shares sold at a defined price of $2.75 per share
- 45-day over-allotment option for up to 36,364 additional shares
- Use of proceeds earmarked for working capital and corporate purposes
Negative
- 327,273 new shares issued, increasing the outstanding share count
- Potential issuance of up to 36,364 additional shares under over-allotment option
News Explained
The completed issuance reduces existing holders’ percentage ownership, while gross proceeds equal 18.8 days of the last reported operating cash use.
On
An underwritten offering involves an investment bank buying securities from the issuer for resale, while underwriting fees reduce proceeds below the gross amount; Aegis Capital acted as the sole book-running manager here.
Against the quarter ended
Sources and calculations
- Banzai International Announces Closing of $0.9 Million Underwritten Public Offering (2026-07-14)
- Dilution (2026-07-17)
- Underwritten offering (2026-07-17)
- Banzai International 2025 third-quarter fundamentals (2025-09-30)
- Offering gross against the last reported quarterly operating outflow, in days at that rate $900,000 / ($4,393,431 / 92) = 18.8 days
Details
Market move: BNZI +14.17% in the Jul 14 session. $0.9M underwritten public offering closing
On Jul 14, the day this news came out, BNZI closed 14.17% above the previous close. Argus tracked a peak move of +22.2% during that session. Our momentum scanner recorded 16 alerts for this stock that day.
Data tracked by StockTitan Argus for the Jul 14 session.
Key Figures
- Gross proceeds
- $0.9 million
- Underwritten public offering gross proceeds before fees
- Shares offered
- 327,273 shares
- Class A common stock sold in offering
- Offering price
- $2.75 per share
- Public offering price for Class A common stock
- Over-allotment option period
- 45 days
- Duration of Aegis Capital over-allotment option
- Over-allotment shares
- 36,364 shares
- Additional shares available under over-allotment option
- Shelf form
- Form S-3 (No. 333-288908)
- Effective shelf registration statement used for offering
- Shelf effectiveness date
- August 8, 2025
- Date Form S-3 declared effective by SEC
- Pre-headline price
- $2.40
- Price before this closing announcement
Previous Offering Reports
-
Firm commitment offering priced with expected gross proceeds of about $0.9 million.
-
Institutional investor cashless exercise of pre-funded warrants increasing stake to 18.7%.
-
Exercise of 1,048,920 pre-funded warrants purchased at $3.89 each by investor.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
underwritten public offering financial
over-allotments financial
underwriting discount financial
shelf registration statement regulatory
form s-3 regulatory
prospectus supplement regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
SEATTLE, July 14, 2026 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced the closing of its previously announced underwritten public offering with gross proceeds to the Company of approximately
Banzai intends to use the net proceeds from the offering for working capital and other general corporate purposes.
Solely to cover over-allotments, if any, the Company has granted Aegis Capital Corp. a 45-day option to purchase up to 36,364 additional shares of Common Stock. The purchase price to be paid per additional share of Common Stock will be equal to the public offering price of one Common Stock, less the underwriting discount.
Aegis Capital Corp. acted as the sole book-running manager for the offering. Hunter Taubman Fischer & Li LLC acted as counsel to the Company. Baker & Hostetler LLP acted as U.S. counsel to Aegis Capital Corp.
The offering was being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-288908) previously filed with the U.S. Securities and Exchange Commission (“SEC”) and declared effective by the SEC on August 8, 2025. A final prospectus supplement and base prospectus relating to and describing the terms of this offering have been filed with the SEC and are available on the SEC’s website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at +1 (212) 813-1010.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Banzai
Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai has over 150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher Scientific, RBC Wealth Management, and Fitch Group. Learn more at www.banzai.io. For investors, please visit ir.banzai.io.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): the anticipated use of proceeds from the offering, future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.
Investor Relations
Dean Ditto
Chief Financial Officer, Banzai
206 414-1777
ir.banzai.io
Media
Paul Witkowski
Senior Director Financial Reporting, Banzai
media@banzai.io
FAQ
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