Banzai Announces Listing Transfer to Nasdaq Capital Market Pursuant to Nasdaq Compliance Plan
04 Novembro 2024 - 10:31AM
Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the
“Company”), a leading marketing technology company that provides
essential marketing and sales solutions, announces that it has
received approval from the Listing Qualifications Department of the
Nasdaq Stock Market ("Nasdaq") to transfer their listing to the
Nasdaq Capital Market. The Company's securities were transferred
from the Nasdaq Global Market to the Nasdaq Capital Market at the
opening of business on October 31, 2024.
The transfer of the Company's listing to The
Nasdaq Capital Market is not expected to have any impact on trading
in the Company's shares, and the Company's shares will continue to
trade on Nasdaq under the symbol BNZI.
On September 19, 2024, the Company had a hearing
before the Nasdaq Hearings Panel (the “Panel”) and requested the
transfer of its listing, pursuant to a plan to evidence compliance
with the requirements for continued listing on The Nasdaq Capital
Market. Following the hearing, the Panel granted the Company’s
request to transfer its listing to the Nasdaq Capital Market. The
Company's continued listing on The Nasdaq Capital Market is subject
to the company fulfilling the continued listing requirements by
January 31, 2025.
“We look forward to further growth and
development of Banzai on the Nasdaq with the support of our
shareholders,” said Joe Davy, Founder and CEO of Banzai. “As we
continue to invest in our software platforms and growth, we
recently announced a comprehensive initiative aimed at improving
our financial position and net income while maintaining a strong
growth outlook. With the recent selection of MZ Group as our
investor relations partner, we are committed to delivering on our
value proposition to shareholders and the investment
community.”
About Banzai
Banzai is a marketing technology company that
provides essential marketing and sales solutions for businesses of
all sizes. On a mission to help their customers achieve their
mission, Banzai enables companies of all sizes to target, engage,
and measure both new and existing customers more effectively.
Banzai customers include Square, Hewlett Packard Enterprise, Thermo
Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among
thousands of others. Learn more at www.banzai.io. For investors,
please visit https://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 RelationsChris TysonExecutive Vice
PresidentMZ Group - MZ North America949-491-8235BNZI@mzgroup.us
www.mzgroup.us
MediaRachel MeyrowitzDirector, Demand
Generation, Banzaimedia@banzai.io
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