Banzai International, Inc. — Form 8-K
Filed October 22, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Effective October 27, 2026, Banzai International, Inc. changed its corporate name to Parabolic Technologies, Inc. and implemented a 1-for-10 reverse stock split of its Class A and Class B Common Stock. As of October 21, 2026, the company had 5,061,208 Class A shares and 149,821 Class B shares outstanding; post-split, these will become approximately 506,121 and 14,983 shares respectively. The reverse split is intended to increase per-share price and maintain Nasdaq Minimum Bid Price compliance. Fractional shares are rounded up. The ticker symbol remains 'PARA' but trades under new CUSIP 06682J803.
Why this rating
Reverse splits and name changes are administrative/cosmetic; neither changes business operations or capital structure. At $12.1M market cap, these moves are routine for small-cap compliance, not material strategic events.
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