Parabolic Announces $9.3 Million in Annualized Cost Savings from ConnectAndSell Integration and Business Unit Realignment

SEATTLE, Sept. 30, 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 it has completed actions that are expected to result in approximately $9.3 million in annualized cost savings following the integration of ConnectAndSell and implementation of its new business unit operating model.

Having completed its post-closing integration of ConnectAndSell, the Company identified opportunities to reduce costs within the business and has taken action to achieve synergies, including a headcount reduction of approximately 12 positions and reduced use of third-party contractors, together representing approximately $3.1 million in estimated annualized savings. These savings are the result of management’s actions to remove duplicate functions and optimize operations, resulting in cost efficiencies that will be fully recognized, on a run rate basis, by the end of FY2026.