Welcome to our dedicated page for Banzai International news (Ticker: viiaw), a resource for investors and traders seeking the latest updates and insights on Banzai International stock.
Banzai International Inc. (VIIAW) is a Nasdaq-listed innovator in AI-driven software for business automation and customer engagement solutions. This news hub provides investors and industry professionals with timely updates on corporate developments, financial milestones, and strategic partnerships shaping the enterprise technology landscape.
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Key content categories include quarterly financial disclosures, merger/acquisition activity, R&D breakthroughs in machine learning applications, and regulatory filings. All materials maintain strict neutrality while highlighting Banzai's role in transforming business operations through intelligent automation tools.
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7GC & Co. Holdings announced a postponement of its special meeting, now set for December 21, 2022, at 3:00 p.m. Eastern Time. The record date remains November 21, 2022. Stockholders can vote even if they sold shares afterward. The deadline to redeem Class A common stock shares has been extended to December 20, 2022. To address potential excise tax liabilities from redemptions, the sponsor will indemnify the company. If the extension proceeds, $900,000 or $0.18 per outstanding share will be deposited into the Trust Account.
Banzai International and 7GC & Co. Holdings have entered a definitive agreement for a business combination, with Banzai set to become publicly traded.
The post-transaction enterprise value is estimated at $380 million, including $207 million in cash and a $100 million equity facility from GEM.
Banzai’s acquisition of Hyros for approximately $110 million aims to enhance its digital marketing capabilities, while the video engagement market is projected to grow significantly by 2030.
7GC & Co. Holdings Inc. (NASDAQ: VIIAU) announced that starting February 12, 2021, unit holders can separately trade Class A common stock and warrants from its IPO. The stocks will trade under the symbols VII for Class A common stock and VIIAW for warrants, while units will continue trading as VIIAU. No fractional warrants will be issued. The company is a blank check entity formed for merging with businesses, primarily targeting the technology sector. This announcement does not constitute an offer to buy or sell securities.
On December 22, 2020, 7GC & Co. Holdings Inc. priced its upsized IPO at $10.00 per unit, totaling 20 million units, to be traded on Nasdaq under the symbol VIIAU. Each unit includes one share of Class A common stock and half a redeemable warrant, with warrants exercisable at $11.50 per share. The offering is set to close on December 28, 2020. The company, focused on technology sector mergers, has granted underwriters a 45-day option for an additional 3 million units.
