Banzai International shares fell about 14% in pre-market trading on Monday after the company announced a proposed underwritten public offering of approximately $1 million of its class A common stock, or pre-funded warrants in lieu of common stock. Net proceeds are expected to be used for working capital and other general corporate purposes. The offering remains subject to market conditions, and there is no assurance on timing, size, or completion of the transaction.
Banzai International IncCompany announced a dilutive stock offering of $1M for working capital.