UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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| Item 1.01 | Enter into a Materially Definitive Agreement. |
As disclosed in the original Current Report on Form 8-K that Banzai International, Inc. (the “Company”) filed on September 25, 2024 (the “Original 8K”), from August 23, 2024 to September23, 2024 the Company entered into various agreements to reorganize outstanding debt from certain creditors (collectively, the “Creditors”) into shares of the Company’s Class A Common Stock (the “Shares”) (collectively, the “Debt Reorganization”). The Shares issued as part of the Debt Reorganization are a mix of Shares that are to be registered with the Securities and Exchange Commission (the “SEC”) in a registration statement on Form S-1 and Shares that are exempt from registration. As of September 24, the Company has issued an aggregate of 71,704 Shares to the Creditors in exchange for the cancellation of an aggregate of $467,224.76 of debt.
We are filing this Amendment to the Original 8K to file Exhibit A to the Second Amendment to Loan Agreement, which was filed as Exhibit 10.19 to the Original 8K. Exhibit A is the redlined Second Amendment to the Loan Agreement, marked to show the changes made to the prior loan agreement, and was inadvertently omitted from Exhibit 10.19 in the Original 8K.
A copy of the complete Second Amendment to the Loan Agreement is attached hereto as an Exhibit and is incorporated by reference herein. The foregoing summary of the terms of the agreement does not purport to be a complete description of the document described in this report and is qualified in its entirety by such documents.
This report shall not constitute an offer to sell or the solicitation to buy nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
| Item 9.01 | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
| 10.4 | Loan Agreement, dated February 19, 2021, by and among the Company, Joseph P. Davy as an Individual Guarantor, Demio, Inc., as an Individual Guarantor and CP BF Lending, LLC, as Lender (incorporated by reference to Exhibit 10.16 to the Registration Statement on Form S-4 filed by 7GC on August 30, 2023). | |
| 10.19 | Second Amendment to Loan Agreement by and among the Company, Demio Holding Inc., Banzai Operating Co. LLC and CP BF Lending, LLC, as Lender dated as of September 23, 2024 | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: September 27, 2024
| BANZAI INTERNATIONAL, INC. | ||
| By: | /s/Joseph Davy | |
| Joseph Davy | ||
| Chief Executive Officer | ||
Exhibit 10.19
