Banzai International (BNZI) agreed to acquire marketing automation platform provider Act-On Software for $53.2 million in cash and stock.
The purchase is for $20 million in cash and $33.2 million in class A common Banzai shares or related prefunded warrants.
The transaction is expected to close in February, Banzai said Thursday in a statement.
Banzai expects the acquisition to increase revenue by $27 million in 2025.
Shares of Banzai fell 2.4% in recent Thursday trading, erasing earlier gains.
Price: 1.6`, Change: -0.04, Percent Change: -2.44