Banzai Announces Name Change to Parabolic Technologies, Inc. And Announces Reverse Stock Split
Banzai International (NASDAQ: PARA) will change its corporate name to Parabolic Technologies, Inc., effective at market open on October 27, 2026, keeping the PARA ticker. Simultaneously, the company will execute a one-for-ten reverse stock split of its Class A and Class B common stock, primarily to raise the per-share price and maintain compliance with the Nasdaq Minimum Bid Price Requirement, with no guarantee of success.
Key figures
- New name
- Parabolic Technologies, Inc.
- New cusip
- 06682J803
- Reverse split ratio
- 1-for-10
- Split effective date
- 2026-10-27
- Class a shares pre split
- 5061208
- Class b shares pre split
- 149821
- Class a shares post split
- 506121
- Class b shares post split
- 14983
AI analysis
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