Banzai eliminates $7.8 million in debt as part of balance sheet initiative

Banzai International Inc. (NASDAQ: BNZI) announced it has eliminated approximately $7.8 million in debt year to date as part of its Project Fortress balance sheet initiative, according to a company statement.

The debt elimination includes nearly all of the marketing technology company's short-term and convertible debt obligations as of March 31, 2026. The company stated its debt balance is now at an all-time low since going public in December 2023.

"The Project Fortress balance sheet initiative reflects our commitment to maximizing long-term value for our shareholders," said Joe Davy, founder and CEO of Banzai. "By systematically reducing our debt obligations and strengthening our equity base, we are creating a stronger, more agile organization that is better positioned to advance our mission of building and consolidating AI-powered businesses and capitalize on the significant market opportunity ahead of us."

Banzai expects to continue strengthening its balance sheet throughout 2026. The company anticipates these improvements will enhance its ability to execute strategic priorities, including investing in core businesses and potential acquisitions.

The Seattle-based company provides AI-enabled marketing and sales solutions for businesses. Banzai reports having over 150,000 customers including Amazon, Dell, Salesforce, Aflac, Thermo Fisher Scientific, RBC Wealth Management, and Fitch Group.

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