Banzai Closes $1.1M Convertible Note at $1.96, Deep Discount to Prior $2.75
PARA is trading near its 52-week low of $1.6 (5.0% above the low).
Summary
Banzai closed a $1.1M convertible note at $1.96 per share, a steep discount to prior $2.75 notes, with warrants and fees that further dilute existing holders.
Key Events · Financing and Capital Events · PARA
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New $1.1M Convertible Note at $1.96
August 2026 Closing issued a $1,099,989 note with conversion price $1.96, a 29% discount to the $2.75 used in prior closings.
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Warrants for 112,531 Shares
August 2026 Warrants exercisable at $1.96 per share, with a 3-year term, adding potential dilution.
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Financial Advisor Warrants
Rodman & Renshaw received warrants for 63,062 shares at $2.45 (125% of offering price) plus 7% cash fee and 1% management fee.
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Net Proceeds ~$1.0M
After fees and expenses, Banzai received approximately $1,000,000 for working capital and general corporate purposes.
Analysis · PARA · Technology
Banzai closed an additional $1.1 million convertible note on August 12, 2026, with a conversion price of $1.96 per share — a 29% discount to the $2.75 price used in all prior closings under the same purchase agreement. The company also issued warrants for 112,531 shares at $1.96 and paid Rodman & Renshaw a 7% cash fee plus 1% management fee. Net proceeds were approximately $1.0 million. The lower conversion price reflects the stock's decline toward its 52-week low and increases potential dilution for existing shareholders. The note matures August 12, 2027, and carries a 10% OID and 10% interest rate.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PARA was trading at $1.68 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.8M. The 52-week trading range was $1.60 to $1,692.00. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.