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June 17, 2022
Seattle-base Banzai, an enterprise SaaS Engagement Marketing platform for virtual events, announced that it has entered into a share subscription facility agreement with GEM Global Yield, a Luxembourg-based alternative investment group for an investment commitment of up to $100 million to be made within 36 months after a public listing. In this tailored agreement, Banzai will control the amount and timing of any drawdowns under this facility with no minimum subscription obligation and will issue shares of common stock. The proceeds from this capital investment will enable Banzai to expand further to service the company's roster of customers. Banzai customers include Argyle, HubSpot, Nutshell, and ActiveCampaign, among thousands of others. Global Emerging Markets (GEM) is a $3.4 billion alternative investment group based in Paris, New York and the Bahamas.