Banzai Announces Name Change to Parabolic Technologies, Inc. And Announces Reverse Stock Split
Globe Newswire•22/10/2026•17:20 ET
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Key Highlights
- ➤1-for-10 reverse split takes effect October 27, 2026, before market open
- ➤Name changes to Parabolic Technologies, Inc. on October 27, 2026
- ➤Post-split Class A shares fall to approximately 506,121
- ➤PARA retains its Nasdaq ticker but receives new CUSIP 06682J803
SEATTLE, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: PARA) (d/b/a “Parabolic” or the “Company”), a leading AI-powered agentic applications technology company, today announced that effective at market open on October 27, 2026, the Company’s corporate name will officially change to “Parabolic Technologies, Inc.” The Company will also effect a one-for-ten (1-for-10) reverse stock split of its outstanding Class A Common Stock and Class B Common Stock (together, the “Common Stock”).
Shareholders approved both the corporate name change and reverse stock split at a special meeting of shareholders that was held on October 16, 2026.
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