01:56 PM EDT, 07/03/2025 (MT Newswires) -- Banzai International ( BNZI ) said Thursday it will implement a 1-for-10 reverse split of its common stock, effective at the market open on July 8.

The move is intended to increase the trading price of Banzai's Class A common stock and maintain compliance with Nasdaq's minimum bid price requirement.

Under the split, every 10 shares of class A and B common stock will be combined into one, reducing the number of outstanding class A shares from about 22.4 million to 2.2 million and class B shares from roughly 2.3 million to 231,113. The stock will continue to trade under the BNZI ticker symbol but will receive a new CUSIP number.

Price: 0.61, Change: -0.03, Percent Change: -4.75