Banzai International Inc. Stock Price, News & Analysis

Banzai International (NASDAQ: BNZI) has successfully regained compliance with Nasdaq's continued listing requirements. The company received confirmation from Nasdaq's Hearings Department that it has met the minimum stockholders' equity requirement under Rule 5550(b)(1), ensuring continued listing on The Nasdaq Capital Market.

This development follows an August 6, 2024 notification regarding insufficient market value of listed securities for The Nasdaq Global Market listing. After requesting a hearing, Banzai was granted a phase-down to The Nasdaq Capital Market. The company's recent acquisition of Vidello on January 31, 2025, helped demonstrate compliance with stockholders' equity requirements, leading Nasdaq to close its compliance review.

Banzai International (NASDAQ: BNZI) has completed its acquisition of Vidello, a London-based video hosting and marketing suite provider. The acquisition is expected to increase Banzai's revenue by $6.5 million and EBITDA by $2 million for the twelve-month period ended December 31, 2024, representing a 59% TTM revenue growth.

Vidello brings over 90,000 customers and four key products: CreateStudio (3D video creation app), PhotoVibrance (image animation tool), Twinkle (royalty-free music platform), and Vidello (video hosting and collaboration tool). The transaction involves $2.7 million in cash ($2.5M held back) and 868,204 shares of Banzai Class A Common Stock.

Banzai International (NASDAQ: BNZI) has announced a definitive agreement to acquire Act-On Software, an enterprise marketing automation platform provider, for a total enterprise value of $53.2 million. The deal consists of $33.2 million in Banzai Class A Common Stock and/or Pre-Funded Warrants, plus $20.0 million in cash.

The acquisition is expected to increase revenue by $27 million for the twelve-month period ending December 31, 2025, growing TTM revenue 152% to $44M. Act-On's AI-powered platform serves major clients like Hitachi, BestBuy, and Progressive Insurance, helping improve lead generation, sales pipeline, and customer communications.

The transaction is anticipated to close in February 2025, subject to customary closing conditions. This acquisition represents a strategic move to expand Banzai's suite of AI-driven marketing tools, integrating marketing automation capabilities with their existing webinar and video creation solutions.

Banzai International (NASDAQ: BNZI) has signed a definitive agreement to acquire Vidello, a London-based video hosting and marketing suite provider. The acquisition is expected to add $6.5M in revenue and $2.3M in EBITDA for the TTM through September 30, 2024, representing a 59% revenue growth. The deal, valued at up to $7M in mixed cash and equity, includes Vidello's suite of products: CreateStudio, PhotoVibrance, Twinkle, and their flagship video hosting platform.

Vidello serves over 90,000 customers and has received top ratings from Capterra and G2. The transaction is expected to close in December 2024, subject to customary closing conditions.

Banzai International (NASDAQ: BNZI) has completed its acquisition of OpenReel, a digital video creation platform. The transaction involved issuing 930,558 shares of Class A Common Stock and 11,769,501 Pre-Funded Warrants, valued at $19.6 million. Following the acquisition, Banzai expects to exceed its previously announced FY 2024 revenue guidance of $10.0 million.

OpenReel's platform enables rapid creation of high-quality, branded video content through directing, recording, and collaboration features. The company serves enterprise customers including Bristol Myers Squibb, Ingram Micro, DXC Technology, Insider Inc., and US Steel. This acquisition aligns with Banzai's strategy to build an AI-powered marketing technology platform and aims to create long-term shareholder value by offering new solutions to existing customers.

Banzai International (NASDAQ: BNZI) has appointed Nancy Norton as Chief Legal Officer (CLO). Norton brings extensive legal experience from her previous roles as Vice President, Legal at Novartis, General Counsel at Kymeta, VP Legal at Ingram Micro Cloud, and Senior Corporate Counsel at Avanade. She holds a BA in Economics from the University of Michigan, a JD from Seattle University School, and a Master of Laws from the University of the Pacific.

Norton's appointment aims to strengthen Banzai's strategic and legal capabilities, particularly in areas of licensing, privacy, regulatory matters, M&A, and commercial transactions. She will play a key role in driving the company's acquisition strategy and exploring new growth opportunities.

Banzai International (NASDAQ: BNZI) has signed a definitive agreement to acquire OpenReel, a digital video creation platform, in a stock deal valued at $19.6 million. The acquisition will grow Banzai's TTM revenue by 152% to $10.9M. OpenReel's platform enables companies to create high-quality branded video content efficiently, serving enterprise customers including Bristol Myers Squibb, Ingram Micro, and DXC Technology.

The transaction, expected to close in December 2024, will be executed through shares of Banzai Class A Common Stock and/or Pre-Funded Warrants. This acquisition aligns with Banzai's vision to build an AI-powered marketing technology platform and complements their existing product Demio.

Banzai International (NASDAQ: BNZI), a leading marketing technology company, has announced its participation in the upcoming iAccess Alpha Virtual Best Ideas Winter Conference 2024. The company's CEO Joe Davy and CFO Alvin Yip will present on Tuesday, December 10, 2024, at 3:00 p.m. ET.

The presentation will be accessible via webcast through the company's investor relations website and at https://www.webcaster4.com/Webcast/Page/3074/51757. Interested investors can schedule one-on-one meetings with Banzai's management through iAccess Alpha representatives or by contacting MZ Group.

Banzai International (NASDAQ: BNZI) has announced its engagement with Shareholder Intelligence Services (ShareIntel) to investigate potential improper and illegal trading activities in the company's common stock. ShareIntel will employ its patented DRIL-Down™ process to analyze repository data from reporting entities, broker-dealers, and shareholders.

The company plans to utilize ShareIntel's advisory services to implement action plans addressing any abusive trading activity and pursue litigation if necessary. CEO Joe Davy stated that this partnership aims to ensure regulatory compliance and protect shareholder interests.