Banzai International, Inc. entered into a subscription agreement on September 25, 2026, with Joseph Davy, the Company’s Chief Executive Officer and Chairman of the Board of Directors. Under the terms of the agreement, Mr. Davy agreed to purchase 115,965 shares of the Company’s Class B Common Stock for an aggregate purchase price of $81,176.
The shares were acquired at a price of $0.70 per share. The filing notes that this price is equal to the consolidated closing bid price of the Company’s Class A Common Stock on the Nasdaq Capital Market immediately preceding the execution of the subscription agreement.
Following this transaction, Mr. Davy maintains a 25.6% voting interest in the Company’s voting securities. The subscription agreement is filed as Exhibit 10.1 to the Current Report on Form 8-K.
