Banzai International, Inc. will change its name to Parabolic Technologies, Inc. effective October 27, 2026, and implement a 1-for-10 reverse stock split to increase its stock price and meet Nasdaq requirements. The reverse split consolidates every ten shares into one, reducing the total shares outstanding but not altering shareholder ownership percentages. This move aims to maintain Nasdaq listing compliance and support the company's focus on AI-powered business applications. Trading will continue under the symbol PARA with a new CUSIP number after the split.
Banzai International's name change and reverse stock split are noted here with Pluang's Technology-sector market data as of Oct 23, 2026 03:11 WIB. Of 150 priced Technology-sector US stocks tradable on Pluang, 60 rose and 90 fell today. Among notable movers, DOCN (DigitalOcean Holdings Inc) traded at USD 91.91 with a 1-day change of -9.43%, BTDR (Bitdeer Technologies Group) at USD 7.30 with a -9.43% change, and CIFR (Cipher Mining Inc) at USD 8.30 with a -9.09% change. The largest decline was 9.43%.
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