Banzai International Inc. Reduces Loan Balance Through $284,000 Debt-for-Equity Exchange
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Banzai International Inc. has entered into an Exchange Agreement with Agile Capital Funding, LLC and Agile Lending, LLC to reduce its loan balance. The company will exchange 232,786 shares of its Class A common stock, valued at $284,000, to decrease the balance of a $4 million promissory note to $1,495,375. The agreement includes a Forbearance Agreement, with Agile temporarily refraining from exercising remedies related to potential defaults until March 30, 2026.
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