Banzai International, Inc. announced on April 28, 2026, that shareholders approved a reverse stock split at a 1-for-20 ratio, effective May 8, 2026, reducing outstanding shares from approximately 19.9 million to about 995,118 for Class A and from 677,118 to 33,856 for Class B. This event is categorized as a change in capital structure and is considered significant.