Home / Going-concern warnings / Banzai International, Inc.
Filed 2025-04-15 路 Form 10-K 路 Accession 0000950170-25-054303 nano
Price before filing: $210 (2025-04-14 close, split/dividend-adjusted)
Market cap at flag: $2.3M (2025-04-15) 路 Latest: $1.7M (2026-09-03)
| Window | BNZI | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -6.7% | +9.5% | -16.2% | 2025-05-15 |
| 90 days | -63.1% | +16.2% | -79.4% | 2025-07-14 |
| 180 days | -71.8% | +23.7% | -95.5% | 2025-10-13 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 1 insider sold $49K (11 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-15: red flag filed | |||||||
| 2025-04-21 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 8,000 | $0.95 | $8K | no | Form 4 |
| 2025-04-21 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 9,000 | $0.96 | $9K | no | Form 4 |
| 2025-04-21 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 7,000 | $0.97 | $7K | no | Form 4 |
| 2025-04-21 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 1,000 | $0.98 | $980 | no | Form 4 |
| 2025-04-22 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 9,000 | $0.98 | $9K | no | Form 4 |
| 2025-04-22 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 4,000 | $0.99 | $4K | no | Form 4 |
| 2025-04-22 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 5,000 | $1.00 | $5K | no | Form 4 |
| 2025-04-22 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 3,000 | $1.01 | $3K | no | Form 4 |
| 2025-04-22 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 1,000 | $1.02 | $1K | no | Form 4 |
| 2025-04-22 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 2,000 | $1.03 | $2K | no | Form 4 |
| 2025-04-22 | Davy Joseph P. Chief Executive Officer, Director, 10% owner | Sale | 1,000 | $1.04 | $1K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-15 to 2025-05-15. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"There is substantial doubt about our ability to continue as a going concern, and holders of our securities could suffer a total loss of their investment."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-K (period 2024-12-31)
Why this score: also within 90 days: Auditor change
Read the original filing on SEC.gov →
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