Banzai International Inc. has entered into an Exchange Agreement with Agile Capital Funding, LLC and Agile Lending, LLC, under which Banzai will exchange 232,786 shares of its Class A common stock, valued at $284,000, to reduce the outstanding balance of a subordinated secured promissory note originally totaling $4 million. As of December 11, 2025, the note’s balance stood at $1,495,375. The agreement also includes a Forbearance Agreement, in which Agile has agreed to temporarily forbear from exercising remedies related to certain potential defaults, with the forbearance period lasting until March 30, 2026, or the occurrence of a forbearance default.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banzai International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-028196), on December 17, 2025, and is solely responsible for the information contained therein.