Banzai revises private placement terms, sets $250,000 cross-default threshold
Bitget2026/09/24 21:01- Banzai International amended terms of a September 4, 2026 private placement with Evergreen Capital Management.
- Cross-default threshold reset to USD 250,000 under the Securities Purchase Agreement.
- Evergreen gained a 25% participation right in future financings through Sept. 18, 2027, or until Aegis stops as investment bank.
- Tranche 2 funding restructured into two payments of USD 190,000 and USD 310,000, replacing a single USD 500,000 tranche.
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