09:16 AM EDT, 09/19/2024 (MT Newswires) -- Banzai International ( BNZI ) said Thursday it is implementing a 1-for-50 reverse stock split, effective immediately.

The reverse split is intended to bring the company into compliance with Nasdaq's minimum closing share price requirement, the company said.

Banzai shares are scheduled to open for trading Thursday on a post-split basis under the same ticker symbol "BNZI."

Price: 3.4000, Change: -0.10, Percent Change: -2.86