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7gc & co holdings is a partnership between 7gc, a technology growth fund based in san francisco, california and berlin, germany and hennessy capital, a leading independent spac sponsor based in wilson, wyoming and los angeles, california. 7gc’s mission is to invest in emerging global internet category winners by leveraging its value-adding expertise and proprietary network between the u.s. and europe. founded in 2016, dr. steffen pauls and jack leeney have built a top-decile track-record by investing into category-defining technology businesses. hennessy capital is an alternative investment firm founded in 2013 by daniel j. hennessy. since its founding, hennessy capital has been one of the leading independent spac sponsors, having raised, together with its managing partners, a total of six spacs since 2013 aggregating over $1 billion of equity. hennessy capital’s mission is to be a strategic growth partner for founders, management, employees and shareholders. our team is complemEvent: On June 27, 2025, Banzai International, Inc. (NASDAQ: BNZI) filed a Form 8-K disclosing the results of a special shareholder meeting held the same day.
Key outcome: Shareholders approved an amendment to the Company’s Second Amended and Restated Certificate of Incorporation authorizing a 1-for-10 reverse stock split of both Class A and Class B common stock. The Board of Directors retains the authority to abandon the action if it later deems the split unnecessary.
Voting details:
- For: 25,320,879 votes
- Against: 242,880 votes
- Abstained: 4,919 votes
Quorum: 4,768,472 Class A shares (24.34% voting power) and 25,568,678 Class B shares (63.31% voting power) were represented by proxy, establishing a quorum and eliminating the need to adjourn the meeting.
Next steps: Because the proposal passed, the Company intends to file a Certificate of Amendment with the Delaware Secretary of State to implement the reverse split. No other business items, financial results, or major transactions were disclosed in this filing.