Temasek-linked entities disclose 4.97% of Blaize Holdings (NASDAQ: BZAI)

Rhea-AI Filing Summary

Temasek-affiliated entities filed an amended Schedule 13G reporting beneficial ownership of 5,517,182 Blaize Holdings, Inc. common shares, equal to 4.97% of the outstanding class. The shares are directly held by Anderson Investments Pte. Ltd., which is wholly owned through Thomson and Tembusu by Temasek Holdings.

The filing shows Temasek, Tembusu, Thomson and Anderson share voting and dispositive power over these shares and report no sole voting or dispositive authority. They certify the stake was not acquired to change or influence control of Blaize Holdings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Blaize Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

092915107

(CUSIP Number)

01/23/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 092915107

1

Names of Reporting Persons

Temasek Holdings (Private) Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,517,182.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,517,182.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,517,182.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.97 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 092915107

1

Names of Reporting Persons

Tembusu Capital Pte. Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,517,182.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,517,182.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,517,182.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.97 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 092915107

1

Names of Reporting Persons

Thomson Capital Pte. Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,517,182.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,517,182.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,517,182.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.97 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 092915107

1

Names of Reporting Persons

Anderson Investments Pte. Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

SINGAPORE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,517,182.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,517,182.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,517,182.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.97 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Blaize Holdings, Inc.
(b)	Address of issuer's principal executive offices: 4659 Golden Foothill Parkway, Suite 206, El Dorado Hills, California 95762
Item 2.
(a)	Name of person filing: This Schedule 13G/A is being filed jointly by: Temasek Holdings (Private) Limited ("Temasek"); Tembusu Capital Pte. Ltd. ("Tembusu"); Thomson Capital Pte. Ltd. ("Thomson"); and Anderson Investments Pte. Ltd. ("Anderson", and, together with Temasek, Tembusu and Thomson, the "Reporting Persons") The Reporting Persons entered into a joint filing agreement, dated as of January 21, 2025, by and among Temasek, Tembusu, Thomson and Anderson (incorporated by reference to Exhibit 99.1 to the Schedule 13G filed on January 21, 2025).
(b)	Address or principal business office or, if none, residence: Each of the Reporting Persons: 60B Orchard Road #06-18 The Atrium@Orchard Singapore 238891.
(c)	Citizenship: Each of the Reporting Persons: Singapore
(d)	Title of class of securities: Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 092915107
Item 4.	Ownership
(a)	Amount beneficially owned: Anderson directly owns 5,517,182 shares of the Issuer's common stock. Anderson is a wholly-owned subsidiary of Thomson, which in turn is a wholly-owned subsidiary of Tembusu, which in turn is a wholly-owned subsidiary of Temasek. Temasek, Tembusu and Thomson, through the ownership described herein, may be deemed to beneficially own the shares of the Issuer's common stock directly owned by Anderson.
(b)	Percent of class: Temasek, Tembusu, Thomson and Anderson: 4.97% The percentage above is based on 110,988,152 shares of the Issuer's common stock outstanding as of November 6, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the three months ended September 30, 2025, filed with the Securities and Exchange Commission on November 13, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 5,517,182 With respect to shared power to vote or to direct the vote of the shares of the Issuer's common stock, please see Item 4(a) above regarding qualifications as to beneficial ownership.
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 5,517,182 With respect to shared power to dispose or to direct the diposition of the shares of the Issuer's common stock, please see Item 4(a) above regarding qualifications as to beneficial ownership.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Temasek Holdings (Private) Limited

Signature:	/s/ Jason Norman Lee
Name/Title:	Jason Norman Lee, Authorised Signatory
Date:	02/06/2026

Tembusu Capital Pte. Ltd.

Signature:	/s/ Gregory Tan
Name/Title:	Gregory Tan, Director
Date:	02/06/2026

Thomson Capital Pte. Ltd.

Signature:	/s/ Lim Siew Lee Sherlyn
Name/Title:	Lim Siew Lee Sherlyn, Director
Date:	02/06/2026

Anderson Investments Pte. Ltd.

Signature:	/s/ Tan Yee Pin, Stanley
Name/Title:	Tan Yee Pin, Stanley, Director
Date:	02/06/2026

Comments accompanying signature: Exhibit 99.1 - Joint Filing Agreement, dated as of January 21, 2025, by and among Temasek Holdings (Private) Limited, Tembusu Capital Pte. Ltd., Thomson Capital Pte. Ltd., and Anderson Investments Pte. Ltd. (incorporated by reference to Exhibit 99.1 to the Schedule 13G filed on January 21, 2025)

FAQ

What does Temasek’s Schedule 13G/A filing reveal about Blaize Holdings (BZAI)?

The amended Schedule 13G shows Temasek-affiliated entities beneficially own 5,517,182 shares of Blaize Holdings common stock, representing 4.97% of the class. The position is reported as passive, not acquired to change or influence control of the company.

How many Blaize Holdings (BZAI) shares do Temasek-related entities own and what percentage is that?

Temasek-related entities report beneficial ownership of 5,517,182 Blaize Holdings common shares, representing 4.97% of the outstanding class. That percentage is based on 110,988,152 shares outstanding as of November 6, 2025, as disclosed in Blaize’s Form 10-Q.

Which Temasek-affiliated entities are listed as reporting persons for Blaize Holdings (BZAI)?

The filing lists four Singapore entities as joint reporting persons: Temasek Holdings (Private) Limited, Tembusu Capital Pte. Ltd., Thomson Capital Pte. Ltd., and Anderson Investments Pte. Ltd. All four report the same 5,517,182 shares and 4.97% beneficial ownership stake in Blaize Holdings.

Who directly holds the Blaize Holdings (BZAI) shares reported in this Schedule 13G/A?

The filing states that Anderson Investments Pte. Ltd. directly owns 5,517,182 Blaize Holdings common shares. Anderson is wholly owned by Thomson Capital, which is wholly owned by Tembusu Capital, which in turn is wholly owned by Temasek Holdings, creating a chain of indirect ownership.

Do Temasek-affiliated entities seek control of Blaize Holdings (BZAI) through this stake?

The certification explicitly states the securities were not acquired and are not held for the purpose of changing or influencing control of Blaize Holdings. They are also not held in connection with any transaction aimed at such control, aside from limited nomination activities referenced in regulations.

What voting and dispositive powers do the reporting persons have over Blaize Holdings (BZAI) shares?

The reporting persons disclose zero sole voting or dispositive power and 5,517,182 shares of shared voting and shared dispositive power. This means decisions over these shares are exercised jointly among the Temasek-affiliated entities rather than by any one entity alone.

What key date is associated with Temasek’s amended Blaize Holdings (BZAI) ownership report?

The Schedule 13G/A lists January 23, 2026 as the date of the event requiring the filing. The ownership percentage is calculated using Blaize’s 110,988,152 outstanding shares as of November 6, 2025, taken from its Form 10-Q filed on November 13, 2025.