Parabolic Technologies, Inc. (BNZI) Form S-1 — Oct 30, 2026
Parabolic Technologies, Inc. (formerly Banzai International, BNZI, now trading as PARA) filed an S-1 for an $11.75 million firm-commitment units offering underwritten by Aegis Capital Corp., with each unit consisting of one share (or pre-funded warrant) plus two five-year warrants struck at 250% of the unit price. The warrant terms are highly dilutive: exercise prices reset at day 5 and day 10 to 80% of the lowest VWAP (floors of 50% and 30% of the Nasdaq Minimum Price), and holders can exercise via a zero-exercise-price option receiving 90% of the underlying shares.
Key figures
- Gross Proceeds
- 11750000
- Warrant Term
- 5 years
- Davy Voting Stake
- 25.6%
- First Reset Floor
- 50% of Nasdaq Minimum Price
- Davy Subscription
- 81176
- Second Reset Floor
- 30% of Nasdaq Minimum Price
- Evergreen Note Rate
- 10% with 30% OID
- Operating Loss2024
- 13500000
- Operating Loss2025
- 18500000
- Shares Outstanding
- 539763
- Agile Loan Principal
- 2100000
- Cpbf Note Outstanding
- 4977108
- Underwriter Legal Fee
- 125000
- Gmfunding Cfg Note Rate
- 502% per annum
- Operating Loss H1 2026
- 10200000
- Overallotment Percent
- 15.0%
- Warrant Exercise Price
- 250% of assumed unit price
- Evergreen Note Principal
- 3285714
- Reverse Split Cumulative
- 1-for-2,000
- Underwriting Fee Percent
- 8.0%
- Warrant Repurchase Price
- 1500000
- Zero Exercise Price Option
- 90% of shares otherwise issuable
- Agile Loan Weekly Installment
- 94500
AI analysis
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