Banzai Fully Regains Compliance with Nasdaq Continued Listing Requirements
13 Fevereiro 2025 - 10:31AM
Banzai International, Inc. (Nasdaq: BNZI) (“Banzai” or the
“Company”), a leading marketing technology company that provides
essential marketing and sales solutions, today announced that it
has received a notification letter from the Hearings Department of
The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that
it has demonstrated compliance with the minimum stockholders’
equity requirement under Nasdaq Listing Rule 5550(b)(1). The
Company’s securities will therefore continue to be listed and
traded on The Nasdaq Capital Market.
Banzai previously received a notification letter
from the Nasdaq Listing Qualifications Department on August 6,
2024, notifying the Company that its market value of listed
securities was below the minimum requirement for continued listing
on The Nasdaq Global Market, as outlined in Nasdaq Listing Rule
5450(b)(2)(A). As a result, the Company requested a hearing before
a Nasdaq Hearings Panel (the “Panel”). At the hearing, the Company
requested a phase-down to The Nasdaq Capital Market. The Panel
granted the Company’s request for a phase-down pursuant to an
exception to the stockholders’ equity requirement on that
market.
Following the Company's recent acquisition of
Vidello Limited, which closed on January 31 2025, the Company filed
a Form 8-K with the Securities and Exchange Commission, on January
31, 2025, demonstrating that it had regained compliance with the
stockholders’ equity requirement for continued listing on The
Nasdaq Capital Market. As a result, the Panel determined that the
Company had achieved compliance with the stockholders’ equity
requirement and determined to close the Nasdaq compliance review.
The Company will continue to be traded on The Nasdaq Capital Market
under the trading symbol BNZI.
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 customers
include Cisco, New York Life, 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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