STOCK TITAN

Banzai International (NASDAQ: BNZI) approves and sets 1-for-20 reverse stock split

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Banzai International, Inc. reported that shareholders approved a reverse stock split and the board set the ratio at 1-for-20 for both Class A and Class B common stock. The proposal received 9,199,546 votes for, 556,612 against and 37,584 abstentions.

As of April 27, 2026, there were 19,902,346 Class A shares and 677,118 Class B shares outstanding. After the reverse split, the company expects approximately 995,118 Class A shares and 33,856 Class B shares outstanding. The reverse split is expected to be effective as of May 8, 2026 under Nasdaq listing rules.

Positive

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Insights

Banzai is consolidating its share count via a 1-for-20 reverse split.

Banzai International’s shareholders approved, and the board implemented, a 1-for-20 reverse stock split for both Class A and Class B shares. This consolidates roughly 19.9 million Class A and 677 thousand Class B shares into about 995 thousand and 33.9 thousand shares, respectively.

A reverse split does not change the company’s overall equity value by itself; it alters the share count and, typically, the per-share price mechanically. The filing ties effectiveness to Nasdaq listing rules, suggesting a focus on meeting listing standards, with the reverse split expected to take effect on May 8, 2026.

Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Voting power represented 40.52% Voting power represented at the April 28, 2026 special meeting
Reverse split ratio 1-for-20 Board-approved reverse stock split ratio for Class A and Class B
Votes for reverse split 9,199,546 votes Shareholder votes in favor of the reverse split proposal
Votes against reverse split 556,612 votes Shareholder votes against the reverse split proposal
Class A shares pre-split 19,902,346 shares Class A common stock outstanding as of April 27, 2026
Class A shares post-split 995,118 shares Expected Class A common stock outstanding after 1-for-20 split
Class B shares pre-split 677,118 shares Class B common stock outstanding as of April 27, 2026
Class B shares post-split 33,856 shares Expected Class B common stock outstanding after 1-for-20 split
reverse stock split financial
"To approve an amendment ... to effect a reverse stock split with respect to the Company’s issued and outstanding Class A Common Stock and Class B Common Stock at a ratio of up to 1-for-20"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Certificate of Amendment regulatory
"the Company will file a Certificate of Amendment with the Delaware Secretary of State to revise the second paragraph of Article IV"
A certificate of amendment is an official filing that updates a company’s founding documents—its legal “rulebook” that sets share structure, voting rules, name and basic purpose. Think of it like changing the blueprint of a building: small changes are paperwork, big ones can alter who owns how much and who controls decisions. Investors watch these filings because they can affect share counts, voting power, dilution and company value.
Nasdaq listing rules regulatory
"In accordance with Nasdaq listing rules, the reverse stock split is expected to be effective as of May 8, 2026"
Nasdaq listing rules are the rulebook a company must follow to have its shares traded on the Nasdaq stock exchange, covering entry requirements and ongoing standards for finances, corporate governance, public disclosure and reporting. For investors they matter because the rules create baseline checks — like a driver’s license and regular inspections for a car — that promote transparency, comparability and reduce the risk of fraud or sudden delisting.
quorum regulatory
"were represented by proxy, which constituted a quorum for the transaction of business"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
special meeting of shareholders regulatory
"On April 28, 2026, Banzai International, Inc. held a special meeting of shareholders"
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 28, 2026

 

Banzai International, Inc.

 

(Exact name of Registrant as Specified in Its Charter)

 

 

 

 

Delaware

001-39826

85-3118980

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

435 Eriksen Ave

Suite 250

 

 

Bainbridge Island, Washington 98110

 

 

(Address of Principal Executive Offices, including zip code)

 

 

 

 

Registrant’s Telephone Number, Including Area Code: (206) 414-1777

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

 

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Class A common stock, par value $0.0001 per share

 

BNZI

 

The Nasdaq Capital Market

Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $5,750

 

BNZIW

 

The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

 

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 


Item 5.07. Submission of Matters to a Vote of Security Holders.

 

On April 28, 2026, Banzai International, Inc. (the “Company”) held a special meeting of shareholders (the “Meeting”). At the Meeting, the Company’s shareholders voted on two proposals, including one to approve an adjournment, if necessary. At the beginning of the Meeting, 9,116,624 Class A shares and 677,118 Class B shares, which collectively represent 40.52% of the voting power of the shares entitled to vote at the Meeting, were represented by proxy, which constituted a quorum for the transaction of business. Since there were sufficient votes to approve the other proposal, the Company did not need to adjourn the Meeting.

 

We are filing this Current Report on Form 8-K to disclose the voting results from the Meeting. The following proposal was voted on:

 

1.
To approve an amendment to the Company’s Second Amended and Restated Certificate of Incorporation to effect a reverse stock split with respect to the Company’s issued and outstanding Class A Common Stock and Class B Common Stock at a ratio of up to 1-for-20, with the final ratio and exact timing to be determined at the discretion of the Board of Directors and included in a public announcement, subject to the authority of the Board of Directors to abandon such amendment (the “Reverse Split Proposal”).

 

For

Against

Abstain

9,199,546

556,612

37,584

 

 

Following the shareholders’ approval of the Reverse Split Proposal, the Board of Directors determined to effect a reverse stock split at a ratio of 1-for 20; the Company will file a Certificate of Amendment with the Delaware Secretary of State to revise the second paragraph of Article IV, Section (A) of its Certificate of Incorporation to effect the reverse stock split. As of April 27, 2026, there are 19,902,346 shares of Class A Common Stock and 677,118 shares of Class B Common Stock issued and outstanding. Following the effectiveness of the reverse stock split, the Company expects to have approximately 995,118 shares of Class A Common Stock and 33,856 shares of Class B Common Stock issued and outstanding. In accordance with Nasdaq listing rules, the reverse stock split is expected to be effective as of May 8, 2026, however, the Company will file a subsequent Current Report on Form 8-K to formally announce the effective time and date of the reverse stock split, as well as disclose the new CUSIP number for its stock.

 

The information in this Form 8-K shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.

 

Description

3.1

 

Certificate of Amendment to Certificate of Incorporation

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: April 28, 2026

 

BANZAI INTERNATIONAL, INC.

 

 

 

 

By:

/s/ Joseph Davy

 

 

Joseph Davy

 

 

Chief Executive Officer

 


FAQ

What reverse stock split did Banzai International (BNZI) approve?

Banzai International approved a 1-for-20 reverse stock split for its Class A and Class B common stock. This consolidates every 20 existing shares into one new share, changing share count but not total company value by itself.

How many Banzai International (BNZI) shares will be outstanding after the reverse split?

After the 1-for-20 reverse split, Banzai International expects about 995,118 Class A shares and 33,856 Class B shares outstanding. Before the split, it had 19,902,346 Class A shares and 677,118 Class B shares outstanding as of April 27, 2026.

When will Banzai International’s reverse stock split become effective?

The reverse stock split is expected to be effective as of May 8, 2026, in accordance with Nasdaq listing rules. The company plans to file a later report to formally announce the effective time and provide the new CUSIP number.

How did Banzai International shareholders vote on the reverse split proposal?

Shareholders approved the reverse split proposal with 9,199,546 votes for, 556,612 against and 37,584 abstentions. At the meeting, 9,116,624 Class A shares and 677,118 Class B shares were represented, equaling 40.52% of the voting power entitled to vote.

Why is Banzai International implementing a reverse stock split?

The filing links the reverse stock split’s effectiveness to Nasdaq listing rules, indicating it is structured to align with those requirements. Reverse splits typically aim to adjust share price and share count, which can help companies maintain exchange listing standards.

Filing Exhibits & Attachments

2 documents