Banzai International, Inc. (NASDAQ:BNZI) ("Banzai" or the "Company") today announced that its Board of Directors has approved, and will submit for shareholder approval, a proposal to change the Company’s corporate name to "Parabolic Technologies, Inc." ("Parabolic"). The Company believes that the future of enterprise software will be agentic applications that are net-beneficiaries of AI transformation, and it plans to focus on building, acquiring, and investing in those and related businesses. The Company will operate its current business units and continue to invest in the development of their AI features.

Pending shareholder approval, the Company will operate under the d/b/a "Parabolic" and will continue trading on the Nasdaq Capital Market under the new ticker symbol PARA. The Company plans to seek shareholder approval to change its legal name to Parabolic Technologies, Inc. at a future shareholders’ meeting. The Company has launched its new website at www.parabolic.io.

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