SEATTLE, Aug.  06, 2026  (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:BNZI) (&#34;Banzai&#34; or the &#34;Company&#34;) today announced that its Board of Directors has approved, and will submit for shareholder

BNZI

Banzai International, Inc. Unveils Agentic Platform Strategy, Plans to Change Its Name to Parabolic Technologies, Inc.

Banzai Renames to Parabolic, Pivoting to AI Agentic Software

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SEATTLE, Aug.  06, 2026  (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:BNZI) (&amp;#34;Banzai&amp;#34; or the &amp;#34;Company&amp;#34;) today announced that its Board of Directors has approved, and will submit for shareholder</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BNZI&#039;s board approved a name change to Parabolic Technologies, with PARA and PARAW expected to trade beginning August 7, 2026 after shareholder approval. The company reorganizes into three units—ConnectAndSell, Banzai, and CreateStudio—to focus on AI-driven, agentic software. The move signals a strategic pivot with potential valuation upside, but introduces execution and proxy risks.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>BNZI to rename as Parabolic Technologies; shareholder vote planned.</li><li>Ticker changes: BNZI/BNZIW to PARA/PARAW on Aug 7, 2026.</li><li>Three units realigned: ConnectAndSell, Banzai, CreateStudio.</li><li>Parabolic aims AI agentic software; 150k+ customers including Amazon.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Banzai International, Inc. (BNZI)</strong>: Subject company undergoing name change; current BNZI to PARA after vote.</li><li><strong>Parabolic Technologies, Inc. (PARA)</strong>: New corporate name; ticker PARA from Aug 7, 2026; AI focus.</li><li><strong>Amazon.com, Inc. (AMZN)</strong>: Listed as a Parabolic customer; potential revenue backdrop if platform scales.</li><li><strong>Salesforce, Inc. (CRM)</strong>: Customer; indicates enterprise market potential for AI-enabled platform.</li><li><strong>Dell Technologies, Inc. (DELL)</strong>: Customer; supports large-scale enterprise deployments.</li><li><strong>Aflac Incorporated (AFL)</strong>: Customer; demonstrates cross-industry appeal.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article centers on a branding and strategic realignment move, signaling a shift toward AI-driven products and a new corporate identity, which could influence sentiment and valuation despite execution and proxy risks.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Ticker transition to PARA/PARAW on Aug 7, 2026 may trigger liquidity moves.</li><li>Shareholder vote timing could introduce near-term price uncertainty.</li><li>AI pivot may affect BNZI&#039;s valuation and risk profile if execution proves credible.</li><li>Proxy filings and investor communications could impact trading volumes.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Aug 7, 2026: BNZI and BNZIW to trade as PARA and PARAW.</li><li>Board approved name change to Parabolic Technologies, Inc., subject to vote.</li><li>New three-unit structure: ConnectAndSell, Banzai, CreateStudio.</li><li>Parabolic website: parabolic.io.</li><li>Parabolic cites 150,000+ customers including Amazon, Dell, Salesforce, AFLAC, TMO.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>BNZI should exhibit near-term volatility around the ticker change; longer-term depends on Parabolic&#039;s AI strategy execution.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">SEATTLE, Aug.  06, 2026  (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BNZI">BNZI</a>) ("Banzai" or the "Company") today announced that its Board of Directors has approved, and will submit for shareholder approval, a proposal to change the Company’s corporate name to "Parabolic Technologies, Inc." ("Parabolic"). The Company believes that the future of enterprise software will be agentic applications that are net-beneficiaries of AI transformation, and it plans to focus on building, acquiring, and investing in those and related businesses. The Company will operate its current business units and continue to invest in the development of their AI features.</p>  <p align="justify">Pending shareholder approval, the Company will operate under the d/b/a "Parabolic" and will continue trading on the Nasdaq Capital Market under the new ticker symbol PARA. The Company plans to seek shareholder approval to change its legal name to Parabolic Technologies, Inc. at a future shareholders’ meeting. The Company has launched its new website at <a href="https://www.globenewswire.com/Tracker?data=LjoN53PCE6jaBvpxMqCWe4VCx6WZeu3gonzwwcP8L7SEehisxddRTipEYJiPuW0gxhCDG8-hP75fR5us9cf6paXHaSzDdUYNds7bmSzaKR8=" rel="nofollow" target="_blank">www.parabolic.io</a>.</p>  <p align="justify">Concurrently with the proposed rebranding, the Company also announced a new business unit structure designed to align leadership and go-to-market execution with its evolved vision. The Company’s operations will be organized into three business units: ConnectAndSell, the Company’s AI sales acceleration platform, led by President and General Manager Jonti McLaren; Banzai, which will operate the Company’s Demio and OpenReel products, led by President and General Manager Matt McCurdy; and CreateStudio, an AI-powered video content creation platform, led by General Manager David Abrams, as previously announced by the Company.</p>  <p align="justify">"Our proposed name change to Parabolic represents more than a new brand. This change reflects where we believe the future of software is headed, and the path to strategic growth through investment in high potential businesses. Our continued aim is to build a business that delivers profitable growth both organically and strategically," said Joe Davy, Founder and CEO of Banzai. "We look forward to sharing more with our shareholders as we move toward a vote on this proposal."</p>  <p align="justify">In connection with the proposed name change, the Company intends to file a proxy statement with the U.S. Securities and Exchange Commission (the "SEC") shortly and will call a special meeting of shareholders to vote on the proposal. The Company’s Class A common stock and warrants, which currently trade on the Nasdaq Capital Market under the ticker symbols "BNZI" and "BNZIW," respectively, are expected to begin trading under new ticker symbols "PARA" and "PARAW," respectively, on August 7, 2026.</p>  <p align="justify"><strong>About</strong> <strong>Parabolic</strong></p>  <p align="justify">Parabolic builds agentic applications that power the future of business. Parabolic has over 150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher Scientific, RBC Wealth Management, and Fitch Group. Learn more at <a href="https://www.globenewswire.com/Tracker?data=LjoN53PCE6jaBvpxMqCWe5Aoi3x7oVCZGZ_69_DP2u7tuATKB8GwVPAMtWFVh_fUVe-V3q3KsY8Fdu6kVn4EWfY-St2EYdwT5DYNyNMeqbQ=" rel="nofollow" target="_blank">www.parabolic.io</a>. For investors, please visit <a href="https://www.globenewswire.com/Tracker?data=Ud4gGS8o4b8TfvMUl8S3vimEB3iSiyzhk2pr3O_sVeBdi63tEFNb7vKLinX1FJvRTh0DVS-b9xwUpO9jqomeng==" rel="nofollow" target="_blank">ir.banzai.io</a>.</p>  <p align="justify"><strong>Important Additional Information and Where to Find It</strong></p>  <p align="justify">In connection with the proposed name change, the Company intends to file a proxy statement with the SEC. This press release is not a substitute for the proxy statement that the Company will file with the SEC or any other document that the Company may file with the SEC in connection with the proposed name change. Before making any voting decision, the company&#39;s shareholders are urged to read the proxy statement and all other relevant documents filed or to be filed with the SEC in connection with the proposed name change, as well as any amendments or supplements to those documents, carefully and in their entirety when they become available because they will contain important information about the proposed name change. Shareholders will be able to obtain a free copy of the proxy statement, as well as other filings containing information about the Company, without charge, at the SEC&#39;s website (<a href="https://www.globenewswire.com/Tracker?data=oqPW13Yhf7264OuwvINWQmBLlVO5jteMaXIqtpEAuTdcLf6CnrmrL4zq_KDZ-NZ00Mxm6QIB0OD34QErwpXG2Q==" rel="nofollow" target="_blank">http://www.sec.gov</a>) once such documents are filed with the SEC, or by directing a request to the Company&#39;s investor relations department.</p>  <p align="justify"><strong>Participants in the Solicitation</strong></p>  <p align="justify">The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company&#39;s shareholders in connection with the proposed name change. Information regarding the Company&#39;s directors and executive officers, including a description of their direct or indirect interests in the proposed name change, by security holdings or otherwise, will be set forth in the proxy statement when it is filed with the SEC. Free copies of these documents may be obtained as described in the preceding paragraph.</p>  <p align="justify"><strong>Forward Looking Statements</strong></p>  <p align="justify">This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as "believe," "may," "will," "estimate," "target," "continue," "anticipate," "intend," "expect," "should," "would," "propose," "plan," "project," "forecast," "predict," "potential," "seek," "future," "outlook," and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding the proposed name change to Parabolic Technologies, Inc. and the anticipated timing and effects thereof; the realignment of Banzai&#39;s operations into the ConnectAndSell, Banzai and CreateStudio business units and the anticipated benefits thereof; Banzai&#39;s ability to successfully operate its business and provide value to stockholders; Banzai&#39;s future financial, business and operating performance and goals; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to Banzai&#39;s industry, outlook and market trends; and plans, strategies and expectations for increasing revenue, reducing costs and executing growth initiatives. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industries in which Banzai operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which Banzai operates, the financial markets, economic, business and regulatory factors, the risk that shareholders may not approve the proposed name change, and other factors, such as Banzai&#39;s ability to execute on its strategies. More detailed information about risk factors can be found in Banzai&#39;s Annual Report on Form 10-K and other reports filed by Banzai with the Securities and Exchange Commission. Banzai does not undertake any duty to update forward-looking statements after the date of this press release.</p>  <p><strong>Investor</strong> <strong>Relations</strong><br></br>Dean Ditto<br></br>Chief Financial Officer, Banzai<br></br>206 414-1777<br></br><a href="https://www.globenewswire.com/Tracker?data=Ud4gGS8o4b8TfvMUl8S3vnEg5HysaVtbszKCEte2Y5Zn8Kr3O-LfCha9WGmYv759k9J3l70ondnSWqSIqOnm9A==" rel="nofollow" target="_blank">ir.banzai.io</a></p>  <p><strong>Media</strong><br></br>Paul Witkowski<br></br>Senior Director Financial Reporting, Banzai<br></br><a href="https://www.globenewswire.com/Tracker?data=zRMkA_NO0rZ4vQRpCNZkRHWF4685fJGyPpW-ehme_3FxsbhGkwmhRkFNTCl05dYYS8DjIOdcupxOGyry7qQXAw-p4XCRvzh-MctFaGBoeDo=" rel="nofollow" target="_blank">media@banzai.io</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwNDk5OSM3NzYyNDQ0IzIyNjM3Mjc="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/Y2E4OWE1NDQtZTg5YS00ODMzLWI1NjgtZWNlZDM0M2FkNWM1LTEyNzUyNzctMjAyNi0wOC0wNi1lbg==/tiny/Banzai-International-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/0c758ecb-e9fa-4770-8dac-6c333eba9b7d"><img src="https://ml.globenewswire.com/media/0c758ecb-e9fa-4770-8dac-6c333eba9b7d/small/logo-png.png" border="0" width="150" height="35" alt="Primary Logo"></img></a></p>

BNZI's board approved a name change to Parabolic Technologies, with PARA and PARAW expected to trade beginning August 7, 2026 after shareholder approval. The company reorganizes into three units—ConnectAndSell, Banzai, and CreateStudio—to focus on AI-driven, agentic software. The move signals a strategic pivot with potential valuation upside, but introduces execution and proxy risks.

News insight

Banzai International, Inc. Unveils Agentic Platform Strategy, Plans to Change Its Name to Parabolic Technologies, Inc.

AI summary

Sentiment rationale

Key facts

Corporate Developments