Blaize Holdings, Inc. Announces Distribution of Series B Preferred Stock to Holders of its Common Stock Intended to Facilitate a Reverse Stock Split, if Necessary

The preferred shares cannot be transferred separately from common shares and will be automatically redeemed under specified conditions.

Rhea-AI Summary

Blaize Holdings (BZAI) declared a preferred-stock dividend for holders of record on October 26, 2026, intended to facilitate a reverse split if necessary.

Holders will receive one one-thousandth of a Series B Preferred share for each common share. Subject to certain limitations, each fractional preferred share carries 1,000 votes. The preferred shares vote with common shares exclusively on reverse-split and related adjournment proposals, except as required by Delaware law. This announcement does not set a reverse-split ratio or effective date. Further preferred-stock details will be included in a Form 8-K to be filed with the SEC.

Positive

• Minor point. Forward-looking: it has not happened yet and may not happen.Declared dividend distributes one one-thousandth of a Series B Preferred share per common share held October 26, 2026.

Negative

• None.

News Explained

The added reverse-split voting rights are temporary and stay linked to the corresponding common shares.

Blaize has declared the Series B dividend, whose reverse-split voting shares are temporary: shares absent in person or by proxy when polls open are automatically redeemed, and any remaining shares are redeemed on the earlier of a board-set business day or the first business day after stockholder approval.

The preferred shares cannot be transferred separately; when a holder transfers common shares, the same number of one-thousandth preferred-share units transfers with them.

Argus 15 min delay 21 alerts

-4.76% vs previous close $0.24 last price 0.7x rel. volume Open Argus

Details

Market move: BZAI -4.76% vs previous close. Series B preferred dividend

$0.24 – $0.29 Day Range

$34.76M Market Cap

On Oct 16, the day this news came out, the latest delayed price for BZAI is 4.76% below the previous close. Our momentum scanner has recorded 21 alerts for this stock so far that day. The latest delayed price is $0.24.

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Key Figures

Preferred stock dividend: 0.001 share Voting power: 1,000,000 votes per share (1,000 votes per 0.001 share)

Preferred stock dividend

0.001 share

For each outstanding common share held of record on October 26, 2026

Voting power

1,000,000 votes per share (1,000 votes per 0.001 share)

Series B Preferred Stock; subject to limitations and applicable to specified proposals

Key Terms

reverse stock split, par value

2 terms

reverse stock split financial

"proposal to reclassify the outstanding shares of the Company’s common stock into a smaller"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

par value financial

"Series B Preferred Stock, par value $0.0001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SAN JOSE, Calif., Oct. 16, 2026 (GLOBE NEWSWIRE) -- Blaize Holdings, Inc. (NASDAQ: BZAI, NASDAQ: BZAIW) (“Blaize,” the “Company,” “we,” “us,” and “our”), a leader in programmable, energy-efficient AI computing, announced today that its Board of Directors declared a dividend of one one-thousandth of a share of newly designated Series B Preferred Stock, par value $0.0001 per share, for each outstanding share of Blaize common stock held of record on October 26, 2026. The outstanding shares of Series B Preferred Stock will vote together with the outstanding shares of the Company’s common stock as a single class exclusively with respect to any proposal to adopt an amendment to the Company’s certificate of incorporation to reclassify the outstanding shares of the Company’s common stock into a smaller number of shares of such common stock at a ratio specified in or determined in accordance with the terms of any such amendment (a “Reverse Stock Split Proposal”), as well as any proposal to adjourn any meeting of stockholders called for the purpose of voting on the foregoing matter (an “Adjournment Proposal”), and will not be entitled to vote on any other matter, except to the extent required under the Delaware General Corporation Law. Subject to certain limitations, each outstanding share of Series B Preferred Stock will have 1,000,000 votes per share (or 1,000 votes per one one-thousandth of a share of Series B Preferred Stock).

All shares of Series B Preferred Stock that are not present in person or by proxy at any meeting of stockholders held to vote on the above described amendment proposal as of immediately prior to the opening of the polls at such meeting will automatically be redeemed by the Company. Any outstanding shares of Series B Preferred Stock that have not been so redeemed will automatically be redeemed in whole, but not in part, at the close of business on the earlier of (i) the business day established by the Company’s Board of Directors in its sole discretion and (ii) the first business day following the date on which the Company’s stockholders approve an amendment to the Company’s certificate of incorporation to reclassify the outstanding shares of the Company’s common stock into a smaller number of shares of such common stock at a ratio specified in or determined in accordance with the terms of any such amendment.

The Company’s Board of Directors has adopted resolutions providing that the Series B Preferred Stock will be uncertificated. The certificate of designation governing Series B Preferred Stock will provide that shares of Series B Preferred Stock may not be transferred except in connection with a transfer by such holder of any shares of the Company’s common stock held by such holder. In that case, a number of one one-thousandths of a share of Series B Preferred Stock equal to the number of shares of the Company’s common stock to be transferred by such holder will be transferred to the transferee of such shares of common stock.

Further details regarding the Series B Preferred Stock will be contained in a report on Form 8-K to be filed by Blaize with the Securities and Exchange Commission.

About Blaize Holdings, Inc.

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) 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 mission-critical operations. Blaize is headquartered in San Jose, California, with a presence across North America, Europe, the Middle East, and Asia. Visit www.blaize.com or follow us on LinkedIn @blaizeinc.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact contained in this press release are forward-looking statements, including statements regarding a Reverse Stock Split Proposal and an Adjournment Proposal, if any.

Forward-looking statements are based on management’s current expectations and are subject to risks, uncertainties and changes in circumstances, many of which are outside the Company’s control. Actual results may differ materially from those expressed or implied by these forward-looking statements. Important factors that could cause actual results to differ materially are discussed in the Company’s filings with the Securities and Exchange Commission, including the risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 24, 2026, as amended on April 30, 2026. Forward-looking statements speak only as of the date of this press release, and the Company assumes no obligation to update them except as required by law.

Investors Contact
IR@blaize.com 

Media Contact
press@blaize.com 

FAQ

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

What preferred-stock dividend will Blaize shareholders receive?

Common shareholders of record on October 26, 2026 will receive one one-thousandth of a Series B Preferred share for each common share. Subject to certain limitations, that fraction carries 1,000 votes on reverse-split and related adjournment proposals.

When will Blaize redeem the Series B Preferred shares?

Preferred shares not present in person or by proxy immediately before polls open at the relevant meeting will be automatically redeemed. Remaining shares will be redeemed at the close of business on the earlier of a business day set by the board or the first business day after shareholders approve the reverse-split amendment.

Can Blaize shareholders transfer the Series B Preferred shares separately?

The Series B Preferred shares cannot be transferred separately from common shares. A transfer of common shares carries an equal number of one one-thousandth preferred-share interests to the recipient.