7GC & Co. Holdings Inc. and Banzai Complete Business Combination

Banzai’s Class A Common Stock and Warrants to List on Nasdaq Under Ticker Symbols “BNZI” and “BNZIW”, Respectively, on December 15, 2023

SEATTLE and SAN FRANCISCO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- 7GC & Co. Holdings Inc. (NASDAQ: VII) (“VII” or “7GC”), a publicly-traded special purpose acquisition company, and Banzai International, Inc. (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced the closing of the previously announced business combination (the “Business Combination”) between 7GC and Banzai. The combined company will operate under the name “Banzai International, Inc.”. Beginning on December 15, 2023, Banzai will commence trading of its Class A common stock on the Nasdaq Global Market under the ticker symbol “BNZI” and warrants on the Nasdaq Capital Market under the ticker symbol “BNZIW”. The Business Combination was approved by 7GC stockholders at a special meeting of stockholders held on December 13, 2023.

Joe Davy, CEO and Founder of Banzai, stated: “Banzai is building a seamlessly-integrated platform of essential Marketing Technology SaaS tools to better serve customers who are frustrated by this fragmented industry. Today is day one for Banzai’s next phase of growth and will enable us to consolidate the fragmented Marketing Technology industry. This public listing will enable us to accelerate our strategy. We are excited to begin our journey as a publicly traded company and look forward to the opportunities ahead of us.”

Jack Leeney, Chairman and CEO of 7GC, commented: “We are proud to be partnering with Joe and the rest of the management team at Banzai. A public listing catalyzes the Company’s consolidation strategy in the highly attractive MarTech vertical, and we believe that Banzai will thrive as a publicly traded company with a compelling growth story.”

Perkins Coie LLP is serving as legal advisor to Banzai, and Sidley Austin LLP is serving as legal advisor to 7GC.

About 7GC

7GC was a special purpose acquisition company traded on the Nasdaq Stock Market under the ticker: VII and sponsored by a partnership between 7GC & Co Sarl, a technology growth fund based in San Francisco, California and Berlin, Germany and Hennessy Capital LLC, a leading independent SPAC sponsor based in Wilson, Wyoming and Los Angeles, California. 7GC was led by its Chief Executive Officer, Jack Leeney, and its Chief Financial Officer, Christopher Walsh.