Banzai International (BNZI) said Monday that it has priced an underwritten public offering expected to raise $900,000 in gross proceeds.
The offering consists of 327,273 shares of Class A common stock priced at $2.75 per share, it said. The deal is expected to close on or about Tuesday, it added.
The company said it plans to use the net proceeds for working capital and general corporate purposes.
The underwriter also received a 45-day option to purchase up to 36,364 additional shares to cover any overallotments, it added.
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