Intel stock extends gains after report of possible U.S. government stake
SEATTLE - Marketing technology company Banzai International, Inc. (NASDAQ:BNZI), currently trading at $0.61 per share with a market capitalization of approximately $12 million, announced Thursday it will implement a one-for-ten reverse stock split of its Class A and Class B common stock, effective at market open on July 8, 2025. According to InvestingPro analysis, the stock has fallen significantly over the past year, with a decline of over 90%.
The company stated the reverse split is primarily intended to increase its per share price and maintain compliance with Nasdaq’s minimum bid price requirement. Banzai will continue trading under the symbol "BNZI" but with a new CUSIP number. InvestingPro data shows the company faces financial challenges with a weak health score of 1.22, though it maintains impressive gross profit margins of nearly 76%.
Prior to the split, Banzai had approximately 22.4 million shares of Class A common stock and 2.3 million shares of Class B common stock outstanding. Following the split, these figures will be reduced to approximately 2.2 million and 231,000 shares, respectively.
No fractional shares will be issued as a result of the reverse split, with any fractional shares being rounded up to the nearest whole share.
The reverse split will affect all issued and outstanding shares of common stock and will adjust the number of shares available for issuance under stock options and warrants. Exercise prices for outstanding options and warrants will correspondingly increase.
Banzai noted that the split will not alter any shareholder’s percentage interest in the company’s common stock, except for minor adjustments due to the rounding of fractional shares.
According to the press release statement, Banzai provides AI-enabled marketing and sales solutions for businesses and serves over 90,000 customers, including companies such as RBC, Dell Technologies, and New York Life. Despite current challenges, the company has achieved revenue growth of 53% in the last twelve months. InvestingPro subscribers can access 12 additional investment tips and a comprehensive Pro Research Report, providing deeper insights into the company’s valuation and prospects.
In other recent news, Banzai International Inc. reported a remarkable 213% increase in revenue for Q1 2025, reaching $3.4 million. Despite a net loss of $3.6 million, this was an improvement from the previous year’s $4.3 million loss, with gross profit rising significantly by 297% to $2.8 million. The company also secured an $11 million debt facility to support acquisitions and operations, with an initial tranche of $2.2 million maturing in 2026. Additionally, Banzai announced the appointment of Michael Kurtzman as Chief Revenue Officer, emphasizing his role in driving revenue growth in the video business unit. The firm is actively pursuing acquisition opportunities, including a definitive agreement to acquire Acton Software, which could substantially boost revenue. Banzai’s strategic focus on AI-enabled solutions has been highlighted by advancements in their product offerings. Furthermore, the company repaid $20.3 million in debt ahead of schedule, strengthening its financial position. Analyst firms have noted the company’s strategic moves, although no specific upgrades or downgrades were mentioned.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.