Blaize Announces Pricing of $35 Million Public Offering of Common Stock

Blaize (Nasdaq: BZAI) priced an underwritten public offering of 18,918,918 common shares at $1.85 per share, for gross proceeds of approximately $35 million, before underwriting discounts and expenses.

Rhea-AI Summary

Blaize (Nasdaq: BZAI) priced an underwritten public offering of 18,918,918 common shares at $1.85 per share, for gross proceeds of approximately $35 million, before underwriting discounts and expenses. The underwriters have a 30-day option to buy up to an additional 2,837,837 shares.

The offering is expected to close on May 7, 2026, subject to customary closing conditions. Net proceeds are intended for working capital and general corporate purposes.

Positive

• Gross proceeds of approximately $35 million
• Underwriters granted 30-day option for 2,837,837 additional shares
• Shelf registration (Form S-3) declared effective by SEC on Feb 4, 2026

Negative

• Dilution risk from 18,918,918 new shares and potential additional 2,837,837 shares
• Proceeds allocated to working capital and general corporate purposes rather than specific growth projects

Argus May 6 session

-19.05% close to close Open Argus

Details

News Market Reaction – BZAI

On May 6, the day this news came out, BZAI closed 19.05% below the previous close.

Data tracked by StockTitan Argus for the May 6 session.

Key Figures

Offering size: $35 million gross proceeds Offering price: $1.85 per share Shares offered: 18,918,918 shares +3 more

Offering size

$35 million gross proceeds

Registered underwritten public offering

Offering price

$1.85 per share

Public offering price for common stock

Shares offered

18,918,918 shares

Common stock in the base offering

Underwriters’ option shares

2,837,837 shares

30-day over-allotment option

Option period

30 days

Underwriters’ option to buy additional shares

Expected closing date

May 7, 2026

Scheduled closing of the offering

Historical Context

5 past events · Latest: May 04

5 events

1. May 04

   Strategic partnership

   24h Move

   +14.8%

   Partnership with Winmate targeting ~$15M first-year AI chip business.

2. Apr 29

   Earnings date set

   24h Move

   +2.6%

   Announcement of Q1 2026 results and conference call date and time.

3. Apr 28

   AI collaboration

   24h Move

   -12.0%

   Three-way hybrid AI inference collaboration with Nokia and Datacomm.

4. Apr 22

   Rights plan adopted

   24h Move

   -10.3%

   Limited duration stockholder rights plan responding to a potential holder group.

5. Apr 21

   AI MOU signed

   24h Move

   -7.6%

   Non-binding MOU with Datacomm to explore AI inference in Indonesia.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

public offering, underwritten public offering, underwriters' discounts, shelf registration statement, +4 more

8 terms

public offering financial

"announced today the pricing of its registered underwritten public offering of 18,918,918"

A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.

underwritten public offering financial

"the pricing of its registered underwritten public offering of 18,918,918 shares"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

underwriters' discounts financial

"before deducting the underwriters' discounts and estimated offering fees and expenses"

Fees taken by the banks or brokerage firms that manage a securities offering, equal to the difference between the price the issuer receives and the public offering price. Think of it as the middleman’s commission when a company sells new shares or bonds: it reduces the cash the company raises and can influence how attractive the deal is to investors by affecting the offering price and the issuer’s net proceeds.

shelf registration statement regulatory

"A shelf registration statement on Form S-3 relating to the securities offered"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

form s-3 regulatory

"shelf registration statement on Form S-3 relating to the securities offered"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

prospectus supplement regulatory

"A preliminary prospectus supplement and accompanying prospectus relating to the offering"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

registration statement regulatory

"that form a part of the registration statement. A preliminary prospectus supplement"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

nasdaq regulatory

"Blaize Holdings, Inc. (Nasdaq: BZAI, Nasdaq: BZAIW)"

The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

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EL DORADO HILLS, Calif., May 6, 2026 /PRNewswire/ -- Blaize Holdings, Inc. (Nasdaq: BZAI, Nasdaq: BZAIW) ("Blaize," the "Company," "we," "our," or "us"), a leader in programmable, energy-efficient AI computing, announced today the pricing of its registered underwritten public offering of 18,918,918 shares of its common stock at a public offering price of $1.85 per share, resulting in gross proceeds to the Company of approximately $35 million, before deducting the underwriters' discounts and estimated offering fees and expenses. In addition, Blaize granted the underwriters a 30-day option to purchase up to an additional 2,837,837 shares of common stock at the public offering price, less the underwriting discounts. The offering is expected to close on May 7, 2026, subject to customary closing conditions.

The Company intends to use net proceeds from the offering for working capital and general corporate purposes.

Northland Capital Markets is acting as sole bookrunning manager for the offering. The Benchmark Company, LLC is acting as co-manager for the offering.

A shelf registration statement on Form S-3 relating to the securities offered in the public offering described above was filed with the Securities and Exchange Commission (the "SEC") on January 27, 2026 (File No. 333-292986) and declared effective by the SEC on February 4, 2026. The offering will be made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC and is available on the SEC's website at www.sec.gov. A final prospectus supplement relating to the offering will be filed with the SEC and will be available on its website. Copies of the final prospectus supplement and the accompanying prospectus, when available, may also be obtained from Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN, Attention: Heidi Fletcher, by telephone at (612) 851-4918.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.

About Blaize

Blaize delivers a programmable AI platform, purpose-built for AI inference workloads in real-world environments. Its Hybrid AI architecture combines the Blaize GSP (Graph Streaming Processor), an efficient AI processor, with GPU-based infrastructure, enabling AI inference workloads to run across edge, cloud, and data center. Blaize solutions support computer vision, multimodal AI, and sensor-driven applications across smart cities, industrial automation, telecommunications, retail, logistics, and defense. Blaize is headquartered in El Dorado Hills, California, with a global presence across North America, Europe, the Middle East, and Asia.

Cautionary Statement Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act") that are based on beliefs and assumptions and on information currently available to Blaize and include those relating to the expected closing of the offering, the satisfaction of customary closing conditions related to the offering, and our intended use of proceeds from the offering. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to those factors discussed under the heading "Risk Factors" in our Annual Report on Form 10-K filed with the SEC on March 24, 2026, and in other filings made by Blaize from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Blaize assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC.

Blaize Contact
press@blaize.com 

Investors
ir@blaize.com 

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SOURCE Blaize Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did Blaize (BZAI) offer in the May 6, 2026 public offering?

Blaize offered 18,918,918 common shares in the public offering. According to Blaize, underwriters may purchase an additional 2,837,837 shares under a 30-day option, subject to the offering terms.

What price per share did Blaize (BZAI) set for the May 2026 offering and how much will it raise?

Blaize set the public offering price at $1.85 per share, producing gross proceeds of about $35 million. According to Blaize, this figure is before underwriting discounts and offering expenses.

When is the Blaize (BZAI) public offering expected to close and what are the closing conditions?

The offering is expected to close on May 7, 2026, subject to customary closing conditions. According to Blaize, final closing depends on satisfaction of underwriting and regulatory conditions.

How does Blaize (BZAI) plan to use the net proceeds from the $35 million offering?

Blaize intends to use net proceeds for working capital and general corporate purposes. According to Blaize, no specific project allocation or timetable was provided in the announcement.