$PARA · Banzai International, Inc.

Banzai International filed an 8-K reporting shareholder approval of a 1-for-10 reverse stock split and corporate name change to "Parabolic Technologies, Inc.," both effective at market open on October 27, 2026. Post-split, Class A shares will drop from approximately 5,061,208 to 506,121 and Class B from 149,821 to 14,983. The reverse split is primarily aimed at maintaining Nasdaq's Minimum Bid Price Requirement. The ticker PARA remains unchanged, with a new CUSIP (06682J803).

Stock down 7.80% in regular session to $0.47; extended-hours last trade at $0.47 (+0.11% vs close). Reverse splits at sub-$1 stocks often signal distress, though the name change and AI-agent narrative may provide offsetting rebranding optics.

Reverse splits at sub-$1 stocks are a last-resort compliance tool; combined with a full corporate rebrand, this signals a strategic reset attempt for a company with a ~$0 market cap.

Reverse splits are common among micro-cap tech companies attempting to cure Nasdaq bid-price deficiencies. The simultaneous rebrand to "Parabolic Technologies" and pivot to AI agentic applications mirrors broader sector rebranding trends.

Reverse split does not guarantee Nasdaq compliance; the filing explicitly states "neither outcome is guaranteed." Warrants have a $115,000 exercise price per whole warrant, reflecting extreme prior dilution.