Reported Earlier, Banzai International Announced Agreements To Issue And Sell 1,176,471 Class A Common Shares, Along With Series A And Short-term Series B Warrants To Purchase Up To 1,176,471 Shares Each, At $4.25 Per Share
Portfolio Pulse from Benzinga Newsdesk
Banzai International has announced agreements to issue and sell 1,176,471 Class A common shares, along with Series A and short-term Series B warrants to purchase up to 1,176,471 shares each, at $4.25 per share.
September 25, 2024 | 6:43 am
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Banzai International is issuing 1,176,471 Class A common shares and warrants at $4.25 per share, potentially diluting existing shares but raising capital.
The issuance of new shares and warrants can lead to dilution of existing shares, which may negatively impact the stock price in the short term. However, the capital raised could be used for growth or other strategic initiatives.
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