Banzai Announces Name Change to Parabolic Technologies, Inc. And Announces Reverse Stock Split

Outstanding options and warrants will also be adjusted, including an increase in their aggregate exercise prices.

Rhea-AI Summary

Banzai International (NASDAQ: PARA) will become Parabolic Technologies and implement a reverse stock split effective at market open on October 27, 2026.

The 1-for-10 reverse split covers both Class A and Class B common stock. The company intends the split to increase its Class A share price and maintain compliance with Nasdaq’s minimum bid price requirement. Class A shares will begin split-adjusted trading that day under the unchanged PARA symbol. Based on shares outstanding October 21, post-split counts would be approximately 506,121 Class A shares and 14,983 Class B shares.

Positive

• None.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.1-for-10 reverse split targets Nasdaq minimum bid price compliance; neither compliance nor a higher share price is guaranteed.

News Explained

When the approved split takes effect, it will also reduce the shares available under the company's options and warrants and correspondingly increase their aggregate exercise prices; holders' percentage interests otherwise remain unchanged, except where rounding up fractional shares changes an individual holding.

Key Figures

Reverse stock split ratio: 1-for-10 Effective date: October 27, 2026 Class A shares outstanding before split: 5,061,208 shares +3 more

Reverse stock split ratio

1-for-10

Applies to outstanding Class A and Class B Common Stock

Effective date

October 27, 2026

Name change and reverse split take effect at market open

Class A shares outstanding before split

5,061,208 shares

As of October 21, 2026

Class B shares outstanding before split

149,821 shares

As of October 21, 2026

Class A shares after split

Approximately 506,121 shares

Company estimate following the reverse split

Class B shares after split

Approximately 14,983 shares

Company estimate following the reverse split

Key Terms

reverse stock split, nasdaq minimum bid price requirement, cusip number, par value

4 terms

reverse stock split financial

"The Company will also effect a one-for-ten (1-for-10) reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

nasdaq minimum bid price requirement regulatory

"maintain compliance with the Nasdaq Minimum Bid Price Requirement"

A Nasdaq minimum bid price requirement is a rule that a stock must trade above a set lowest share price (commonly $1) over a defined period to remain listed. It matters to investors because falling below that floor can trigger warnings, potential delisting, or corrective steps by the company — similar to failing to meet a grade that risks losing enrollment — which can reduce liquidity, access, and share value.

cusip number technical

"will trade under a new CUSIP Number, 06682J803"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

par value financial

"with no change in par value per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEATTLE, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: PARA) (d/b/a “Parabolic” or the “Company”), a leading AI-powered agentic applications technology company, today announced that effective at market open on October 27, 2026, the Company’s corporate name will officially change to “Parabolic Technologies, Inc.” The Company will also effect a one-for-ten (1-for-10) reverse stock split of its outstanding Class A Common Stock and Class B Common Stock (together, the “Common Stock”).

Shareholders approved both the corporate name change and reverse stock split at a special meeting of shareholders that was held on October 16, 2026. 

The reverse stock split is primarily intended to increase the per share price of the Company’s Class A Common Stock and maintain compliance with the Nasdaq Minimum Bid Price Requirement, although neither outcome is guaranteed. The Company's Class A Common Stock will continue to trade under the symbol "PARA". Upon the effectiveness of the reverse stock split, every ten shares of issued and outstanding Common Stock before the open of business on October 27, 2026, will be combined into one issued and outstanding share of common stock, with no change in par value per share. The Company's Class A Common Stock will open for trading on Nasdaq on October 27, 2026, on a post-split basis but will trade under a new CUSIP Number, 06682J803.

As of October 21, 2026, there were 5,061,208 shares of Class A Common Stock and 149,821 shares of Class B Common Stock outstanding. The number of issued and outstanding shares of Common Stock after the reverse stock split would be approximately 506,121 and 14,983 shares of Class A Common Stock and Class B Common Stock, respectively. No fractional shares will be issued as a result of the reverse stock split. Any fractional shares that would result from the reverse stock split will be rounded up to the nearest whole share.

The reverse stock split will affect all issued and outstanding shares of the Company's Common Stock, as well as the number of shares of Common Stock available for issuance under the Company's stock options and warrants. In addition, the reverse stock split will correspondingly increase the respective aggregate exercise prices of our outstanding options and warrants. The reverse stock split will affect all holders of Common Stock uniformly and will not alter any shareholder's percentage interest in the Company's Common Stock, except to the extent that the reverse stock split results in some shareholders experiencing an adjustment of a fractional share as described above.

Shareholders holding share certificates will receive information from Continental Stock Transfer & Trust Company, the Company's transfer agent, regarding the process for exchanging their existing stock certificates representing pre-split shares; shareholders need not take any action with respect to the Name Change. Shareholders with questions may contact our transfer agent by calling 800-509-5586.

About Parabolic

Parabolic builds agentic applications that power the future of business. We believe that the future of enterprise software will be agentic applications that are net-beneficiaries of AI transformation, and we focus on building, acquiring, and investing in those and related businesses. We have over 150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher Scientific, RBC Wealth Management, and Fitch Group. Learn more at www.parabolic.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”): 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
206 414-1777
ir.banzai.io

Media
Paul Witkowski
Senior Director Financial Reporting
media@parabolic.io

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Banzai’s PARA reverse stock split take effect, and what is the ratio?

The 1-for-10 reverse stock split takes effect at market open on October 27, 2026. Every ten outstanding common shares will become one share, covering both Class A and Class B common stock.

What is Banzai International’s new name, and will its PARA ticker change?

Banzai International will become Parabolic Technologies effective at market open on October 27, 2026. Its Class A common stock will continue trading under PARA.

How will Banzai’s reverse split affect fractional shares and existing share certificates?

Fractional shares resulting from the reverse split will be rounded up to the nearest whole share. Holders of share certificates will receive exchange instructions from Continental Stock Transfer & Trust Company. Shareholders need not take any action regarding the name change.