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Banzai International's CEO and Chairman, Joseph Davy, purchased 115,965 Class B Common Stock shares at $0.70 per share, totaling $81,176. The purchase price was equivalent to the consolidated closing bid of the company's Class A shares on Nasdaq prior to the agreement.
Davy bought 115,965 Class B common shares from the issuer at $0.70 each. His direct holdings rose to 149,821 shares.