Banzai Sets 1-for-10 Reverse Split and Renames Itself Parabolic Technologies
PARA is trading near its 52-week low of $0.47 (1.1% above the low) on light trading volume (0.2× avg).
Summary
Banzai shareholders approved a 1-for-10 reverse split and a name change to Parabolic Technologies, both effective at the October 27, 2026 open. The same meeting cleared issuance of more than 20% of shares outstanding for the ConnectAndSell acquisition and a 787,425-share equity plan increase.
Key Events · Corporate Governance and Compliance · PARA
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1-for-10 Reverse Split Approved
The board set a 1-for-10 ratio on October 16, 2026; Class A shares drop from 5,061,208 to 506,121 and Class B from 149,821 to 14,983. Split-adjusted trading starts October 27, 2026 under new CUSIP 06682J803.
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Company Renamed Parabolic Technologies
The legal name changes from Banzai International, Inc. to Parabolic Technologies, Inc. effective at the October 27, 2026 open; the ticker stays PARA.
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ConnectAndSell Share Issuance Cleared
Shareholders authorized issuance of 20% or more of outstanding Class A and Class B stock for the July 2, 2026 ConnectAndSell asset purchase, voting 2,248,895 for and 38,700 against.
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Equity Plan Expanded by 787,425 Shares
The 2023 Equity Incentive Plan reserve rises by 787,425 shares, the evergreen grows from 5% to 7.5% per year, and the incentive stock option cap is removed.
Analysis · PARA · Technology
The 1-for-10 reverse split is the company's attempt to climb back above Nasdaq's minimum bid price after the stock fell to roughly $0.47, and it lands alongside a name change to Parabolic Technologies. Economically, the split changes nothing — every ten shares become one, and holders keep the same percentage interest apart from fractional rounding — but it is the mechanical step that keeps the listing alive. What matters more is what the same shareholder meeting approved: issuance of more than 20% of the shares outstanding for the ConnectAndSell asset purchase, and an equity plan expansion of 787,425 shares with the evergreen raised to 7.5% a year. Against a going-concern warning and $0.6M of cash reported in the Q2 10-Q, the split is cosmetic while the authorized-share and plan increases are the real dilution story. Split-adjusted trading begins October 27, 2026 under the same PARA symbol and a new CUSIP.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. 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 $0.48 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.1M. The 52-week trading range was $0.47 to $54.60. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.