Banzai Announces Reverse Stock Split
Rhea-AI Summary
Banzai (NASDAQ: BNZI) will implement a 1-for-20 reverse stock split of Class A and Class B common stock effective at market open on May 8, 2026. The split combines every 20 pre-split shares into one post-split share and will change the Class A CUSIP to 06682J605.
Pre-split shares outstanding were 22,910,282 Class A and 677,118 Class B; post-split totals are approximately 1,145,515 Class A and 33,856 Class B. No fractional shares will be issued; fractional interests will be rounded up to whole shares.
Positive
- Shares consolidated via 1-for-20 reverse split
- Post-split Class A shares ≈ 1,145,515
- Post-split Class B shares ≈ 33,856
Negative
- Reverse split may not guarantee Nasdaq minimum bid price compliance
- Outstanding options and warrants will have reduced share counts and higher aggregate exercise prices
News Market Reaction – BNZI
In the May 6 session, BNZI declined 21.56%, reflecting a significant negative market reaction. Argus tracked a peak move of +28.0% during that session. Argus tracked a trough of -36.0% from its starting point during tracking. Our momentum scanner triggered 67 alerts that day, indicating high trading interest and price volatility. Trading volume was exceptionally heavy at 9.7x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Stock split Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 03 | Reverse stock split | Negative | -4.8% | Announced 1-for-10 reverse split to boost price and keep Nasdaq listing. |
| Sep 19 | Reverse stock split | Negative | -17.7% | Announced 1-for-50 reverse split aimed at regaining Nasdaq compliance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
BNZI’s prior reverse split announcements have been followed by negative reactions, with an average move of about -11.23% around similar “stock split” events.
Over the past two years, Banzai has repeatedly used reverse stock splits to address Nasdaq listing requirements. On Sep 19, 2024, it announced a 1-for-50 reverse split, and on Jul 3, 2025 a 1-for-10 split, each consolidating shares and changing CUSIPs while maintaining the BNZI ticker. Both events led to share count reductions and fractional-share rounding policies. The newly announced 1-for-20 reverse split continues this pattern of structural adjustments to its capital base.
Key Terms
reverse stock split financial
nasdaq minimum bid price requirement regulatory
cusip number financial
stock options and warrants financial
transfer agent financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SEATTLE, May 06, 2026 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that effective at market open on May 8, 2026, the Company will effect a one-for-twenty (1-for-20) reverse stock split of its outstanding Class A Common Stock and Class B Common Stock (together with the Class A Common Stock, the “Common Stock”).
The reverse stock split is primarily intended to increase the per share price of Banzai’s Class A Common Stock and maintain compliance with the Nasdaq Minimum Bid Price Requirement, although neither outcome is guaranteed. The Company's Class A Common Stock will continue to trade under the symbol "BNZI". Upon the effectiveness of the reverse stock split, every twenty shares of issued and outstanding Common Stock before the open of business on May 8, 2026, will be combined into one issued and outstanding share of common stock, with no change in par value per share. The Company's Class A Common Stock will open for trading on Nasdaq on May 8, 2026, on a post-split basis but will trade under a new CUSIP Number, 06682J605.
Prior to the reverse stock split, there were 22,910,282 shares of Class A Common Stock and 677,118 shares of Class B Common Stock outstanding. The number of issued and outstanding shares of Common Stock after the reverse stock split would be approximately 1,145,515 and 33,856 shares of Class A Common Stock and Class B Common Stock, respectively. No fractional shares will be issued as a result of the reverse stock split. Any fractional shares that would result from the reverse stock split will be rounded up to the nearest whole share.
The reverse stock split will affect all issued and outstanding shares of the Company's Common Stock, as well as the number of shares of Common Stock available for issuance under the Company's stock options and warrants. In addition, the reverse stock split will reduce the number of shares of Common Stock issuable upon the exercise of stock options and warrants outstanding immediately prior to the reverse split and correspondingly increase the respective aggregate exercise prices. The reverse stock split will affect all holders of Common Stock uniformly and will not alter any shareholder's percentage interest in the Company's Common Stock, except to the extent that the reverse stock split results in some shareholders experiencing an adjustment of a fractional share as described above.
Shareholders holding share certificates will receive information from Continental Stock Transfer & Trust Company, the Company's transfer agent, regarding the process for exchanging their shares of common stock. Shareholders with questions may contact our transfer agent by calling 800-509-5586.
About Banzai
Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai has over 150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher Scientific, RBC Wealth Management, and Fitch Group. Learn more at www.banzai.io. For investors, please visit ir.banzai.io.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.
Investor Relations
Dean Ditto
Chief Financial Officer, Banzai
206 414-1777
ir.banzai.io
Media
Nancy Norton
Chief Legal Officer, Banzai
media@banzai.io
