Banzai International (BNZI) said Thursday it has completed its previously announced $19.6 million acquisition of digital video creation platform OpenReel.
Following this acquisition, Banzai said it now expects to surpass its earlier revenue outlook of $10 million for fiscal year 2024.
The merger consideration consisted of 930,558 Class A common shares and roughly 11.8 million pre-funded warrants, the company added.
Price: 1.63, Change: -0.01, Percent Change: -0.61
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments