Banzai International, Inc. (NASDAQ:BNZI) is among the fundamentally strong penny stocks to invest in. On Thursday, Banzai International, Inc. (NASDAQ:BNZI) revealed plans to implement a one-for-ten reverse stock split of its Class A and Class B common stock, becoming official as soon as the market opens on July 8, 2025.
As per the company, the reverse split would increase its per-share price in compliance with Nasdaq’s minimum bid price requirement. This means that when the split takes place, Banzai International, Inc. (NASDAQ:BNZI) will have approximately 2.2 million shares of Class A common stock and 231,000 shares of Class B common stock outstanding, in contrast to the previous 22.4 million and 2.3 million shares, respectively.
A close-up of a computer monitor showing a complex web of cloud-based technology.
The management also clarified that the split will have no influence on any shareholder’s stake in the company’s common stock, apart from minor adjustments associated with the rounding of fractional shares. What it will actually impact is all issued and outstanding shares of common stock, while adjusting the shares available for issuance under stock options and warrants.
Banzai International, Inc. (NASDAQ:BNZI), headquartered in Washington, is a marketing technology company that offers data-driven marketing and sales solutions. Through its two main segments, Banzai Operating Co., Inc., and Banzai Reel Acquisition Inc. (OpenReel), the company provides OpenReel, CreateStudio, Vidello, and Demio.
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