Banzai secures Nasdaq compliance with equity rule

SEATTLE - Banzai International, Inc. (NASDAQ:BNZI), a provider of marketing technology solutions, has confirmed its compliance with Nasdaq’s minimum stockholders’ equity requirement, ensuring its continued listing on The Nasdaq Capital Market. The company had previously faced potential delisting due to its market value of listed securities falling below the Nasdaq Global Market’s minimum requirement. Currently trading at $1.56, the company has experienced significant volatility, with InvestingPro data showing a 97.77% decline in share price over the past year.

The initial notification of non-compliance was received by Banzai on August 6, 2024. Subsequently, Banzai engaged with a Nasdaq Hearings Panel, seeking to transfer to The Nasdaq Capital Market. The Panel granted a phase-down exception, allowing Banzai to remain listed while addressing the equity shortfall.

Banzai’s recent acquisition of Vidello Limited, which was finalized on January 31, 2025, played a crucial role in regaining compliance. The company’s subsequent filing of a Form 8-K with the Securities and Exchange Commission demonstrated sufficient stockholders’ equity to meet the listing standards. With a market capitalization of $11.41 million and annual revenue of $4.31 million, the company faces financial challenges, reflected in its "WEAK" overall financial health score according to InvestingPro analysis.

As a result of these actions, the Nasdaq Hearings Panel concluded that Banzai had achieved the necessary compliance and closed the review process. Banzai will continue trading on The Nasdaq Capital Market under the ticker symbol BNZI.

Banzai’s business operations encompass AI-enhanced marketing and sales solutions catering to various companies, including notable clients such as Cisco (NASDAQ:CSCO), New York Life, and Hewlett Packard Enterprise (NYSE:HPE). The company aims to assist businesses in effectively targeting and engaging customers to drive growth. Investors seeking deeper insights can access 8 additional key financial indicators and exclusive analysis through InvestingPro, including detailed profitability metrics and growth forecasts.

This announcement is based on a press release statement and reflects the company’s current financial and compliance status as per Nasdaq regulations. Investors are advised that the information provided is subject to the usual market and economic risks, particularly given the company’s negative EBITDA of -$12.74 million in the last twelve months and current ratio of 0.17, indicating potential liquidity concerns.

In other recent news, Banzai International has been actively expanding its portfolio through strategic acquisitions. The company recently finalized the acquisition of Vidello, a London-based video hosting and marketing solutions provider. This move is expected to increase Banzai’s revenue by $6.5 million and boost EBITDA by $2 million for the year ending December 31, 2024. The acquisition terms included a cash payment of approximately $2.7 million and the issuance of 868,204 shares of Banzai Class A Common Stock.

In addition to Vidello, Banzai announced its intent to acquire Act-On Software (ETR:SOWGn), a company known for its enterprise marketing automation platform. This $53.2 million acquisition is set to enhance Banzai’s product suite with Act-On’s AI-powered marketing automation capabilities and is projected to increase Banzai’s revenue by $27 million for the year ending December 31, 2025.

In other developments, Banzai appointed Nancy Norton as its new Chief Legal Officer. With her extensive experience in the high-tech and biotech sectors, Norton is expected to enhance Banzai’s strategic and legal operations. These recent developments highlight Banzai’s continued growth and strategic expansion in the marketing technology sector.

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