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AI brief of an SEC Form 8-K · Parabolic Technologies, Inc. (PARA)

Parabolic Technologies to rename from Banzai; 1-for-10 reverse split Oct. 27

Neutral Impact 3 of 5 shareholder Written later

Shareholders approved a change of Banzai International's legal name to Parabolic Technologies, Inc. and a reverse stock split at a special meeting on October 16, 2026. The 1-for-10 reverse split takes effect with trading on October 27, 2026, under the unchanged symbol PARA. The company says the split is primarily intended to raise the per-share price of Class A stock and maintain compliance with the Nasdaq Minimum Bid Price Requirement, though it states neither outcome is guaranteed.

Key points

  • Shareholders approved the Name Change Proposal with 2,266,795 votes for and 21,181 against, and the Reverse Split Proposal with 2,220,042 votes for and 67,366 against.
  • Based on shares outstanding on October 21, 2026, Class A shares would fall from about 5,061,208 to about 506,121 and Class B shares from 149,821 to 14,983.
  • Class A stock trades on a split-adjusted basis from October 27, 2026, under new CUSIP 06682J803; no fractional shares are issued and fractions are rounded up.

The filing

CompanyParabolic Technologies, Inc. (PARA)
Form8-K, current report
Filed with the SECOct 22, 2026, 5:24 PM ET
Accession number0001437749-26-033292

Items reported: 3.03 Change to Shareholder Rights5.03 Bylaw / Charter Amendment5.07 Shareholder Vote Results8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.