Seattle Marketing Tech Firm Banzai Goes Public via SPAC Merger with 7GC Holdings, Shares Drop Over 40% on Nasdaq Debut
Seattle marketing tech company Banzai went public by merging with a SPAC led by 7GC Holdings and rang the Nasdaq opening bell. The company reported $22.1 million in annual recurring revenue for the year ending September 2022 but faced a net loss of $8.5 million, with shares dropping over 40% on their first trading day.
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