SEATTLE, Oct. 22, 2026 (GLOBE NEWSWIRE) — Ba zai I te atio al, I c. (NASDAQ: PARA) (d/b/a “Pa abolic” o the “Compa y”), a leadi g AI-powe ed age tic applicatio s tech ology compa y, today a ou ced that effective at ma ket ope o Octobe 27, 2026, the Compa y’s co po ate ame will officially cha ge to “Pa abolic Tech ologies, I c.” The Compa y will also effect a o e-fo -te (1-fo -10) eve se stock split of its outsta di g Class A Commo Stock a d Class B Commo Stock (togethe , the “Commo Stock”).
Sha eholde s app oved both the co po ate ame cha ge a d eve se stock split at a special meeti g of sha eholde s that was held o Octobe 16, 2026.
The eve se stock split is p ima ily i te ded to i c ease the pe sha e p ice of the Compa y’s Class A Commo Stock a d mai tai complia ce with the Nasdaq Mi imum Bid P ice Requi eme t, although eithe outcome is gua a teed. The Compa y’s Class A Commo Stock will co ti ue to t ade u de the symbol “PARA”. Upo the effective ess of the eve se stock split, eve y te sha es of issued a d outsta di g Commo Stock befo e the ope of busi ess o Octobe 27, 2026, will be combi ed i to o e issued a d outsta di g sha e of commo stock, with o cha ge i pa value pe sha e. The Compa y’s Class A Commo Stock will ope fo t adi g o Nasdaq o Octobe 27, 2026, o a post-split basis but will t ade u de a ew CUSIP Numbe , 06682J803.
As of Octobe 21, 2026, the e we e 5,061,208 sha es of Class A Commo Stock a d 149,821 sha es of Class B Commo Stock outsta di g. The umbe of issued a d outsta di g sha es of Commo Stock afte the eve se stock split would be app oximately 506,121 a d 14,983 sha es of Class A Commo Stock a d Class B Commo Stock, espectively. No f actio al sha es will be issued as a esult of the eve se stock split. A y f actio al sha es that would esult f om the eve se stock split will be ou ded up to the ea est whole sha e.
The eve se stock split will affect all issued a d outsta di g sha es of the Compa y’s Commo Stock, as well as the umbe of sha es of Commo Stock available fo issua ce u de the Compa y’s stock optio s a d wa a ts. I additio , the eve se stock split will co espo di gly i c ease the espective agg egate exe cise p ices of ou outsta di g optio s a d wa a ts. The eve se stock split will affect all holde s of Commo Stock u ifo mly a d will ot alte a y sha eholde ‘s pe ce tage i te est i the Compa y’s Commo Stock, except to the exte t that the eve se stock split esults i some sha eholde s expe ie ci g a adjustme t of a f actio al sha e as desc ibed above.
Sha eholde s holdi g sha e ce tificates will eceive i fo matio f om Co ti e tal Stock T a sfe & T ust Compa y, the Compa y’s t a sfe age t, ega di g the p ocess fo excha gi g thei existi g stock ce tificates ep ese ti g p e-split sha es; sha eholde s eed ot take a y actio with espect to the Name Cha ge. Sha eholde s with questio s may co tact ou t a sfe age t by calli g 800-509-5586.
Pa abolic builds age tic applicatio s that powe the futu e of busi ess. We believe that the futu e of e te p ise softwa e will be age tic applicatio s that a e et-be eficia ies of AI t a sfo matio , a d we focus o buildi g, acqui i g, a d i vesti g i those a d elated busi esses. We have ove 150,000 custome s i cludi g Amazo , Dell, Salesfo ce, Aflac, The mo Fishe Scie tific, RBC Wealth Ma ageme t, a d Fitch G oup. Lea mo e at www.pa abolic.io. Fo i vesto s, please visit i .ba zai.io.
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts ofte use wo ds such as “believe,” “may,” “will,” “estimate,” “ta get,” “co ti ue,” “a ticipate,” “i te d,” “expect,” “should,” “would,” “p opose,” “pla ,” “p oject,” “fo ecast,” “p edict,” “pote tial,” “seek,” “futu e,” “outlook,” a d simila va iatio s a d exp essio s. Fo wa d-looki g stateme ts a e those that do ot elate st ictly to histo ical o cu e t facts. Examples of fo wa d-looki g stateme ts may i clude, amo g othe s, stateme ts ega di g Ba zai I te atio al, I c.’s (the “Compa y’s”): futu e fi a cial, busi ess a d ope ati g pe fo ma ce a d goals; a ualized ecu i g eve ue a d custome ete tio ; o goi g, futu e o ability to mai tai o imp ove its fi a cial positio , cash flows, a d liquidity a d its expected fi a cial eeds; pote tial fi a ci g a d ability to obtai fi a ci g; acquisitio st ategy a d p oposed acquisitio s a d, if completed, thei pote tial success a d fi a cial co t ibutio s; st ategy a d st ategic goals, i cludi g bei g able to capitalize o oppo tu ities; expectatio s elati g to the Compa y’s i dust y, outlook a d ma ket t e ds; total add essable ma ket a d se viceable add essable ma ket a d elated p ojectio s; pla s, st ategies a d expectatio s fo etai i g existi g o acqui i g ew custome s, i c easi g eve ue a d executi g g owth i itiatives; a d p oduct a eas of focus a d additio al p oducts that may be sold i the futu e. Because fo wa d-looki g stateme ts elate to the futu e, they a e subject to i he e t u ce tai ties, isks a d cha ges i ci cumsta ces that a e difficult to p edict a d ma y of which a e outside of ou co t ol. Fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce, a d ou actual esults of ope atio s, fi a cial co ditio a d liquidity a d developme t of the i dust y i which the Compa y ope ates may diffe mate ially f om those made i o suggested by the fo wa d-looki g stateme ts. The efo e, i vesto s should ot ely o a y of these fo wa d-looki g stateme ts. Facto s that may cause actual esults to diffe mate ially i clude cha ges i the ma kets i which the Compa y ope ates, custome dema d, the fi a cial ma kets, eco omic, busi ess a d egulato y a d othe facto s, such as the Compa y’s ability to execute o its st ategy. Mo e detailed i fo matio about isk facto s ca be fou d i the Compa y’s A ual Repo t o Fo m 10-K a d the Compa y’s Qua te ly Repo ts o Fo m 10-Q u de the headi g “Risk Facto s,” a d i othe epo ts filed by the Compa y, i cludi g epo ts o Fo m 8-K. The Compa y does ot u de take a y duty to update fo wa d-looki g stateme ts afte the date of this p ess elease.
