Blaize Holdings, Inc. SEC Filings

DENSO International America, Inc and DENSO Corporation filed an amendment to a Schedule 13G/A reporting no beneficial ownership of Blaize Holdings, Inc. common stock. The filing lists 0 shares beneficially owned, representing 0% of the class, and records zero voting and dispositive powers. Signatures are by authorized officers dated 05/08/2026.

Blaize Holdings, Inc. reported first‑quarter 2026 revenue of $2.7 million, up from $1.0 million a year earlier, driven mainly by hardware sales to a related‑party customer. Despite this growth, the company posted a net loss of $22.7 million and negative operating cash flow of $12.6 million.

Management discloses that recurring losses and cash burn raise “substantial doubt” about Blaize’s ability to continue as a going concern without additional financing. To bolster liquidity, Blaize completed a May 2026 underwritten equity offering of 18.9 million shares at $1.85 per share, generating about $32.8 million in net proceeds.

At March 31, 2026, Blaize held $33.2 million of cash and cash equivalents and reported $16.7 million of net accounts receivable, with significant customer concentration in China. Adjusted EBITDA was a loss of $13.9 million, reflecting high research, development, and selling costs as the company scales its AI edge computing platform.

Blaize Holdings reported strong Q1 2026 momentum, with revenue of $2.7 million, up 172% year over year, and gross margin expanding to 58% from 11% in Q4 2025. Net loss narrowed sharply to $22.7 million from $147.8 million a year earlier, and Adjusted EBITDA loss improved to $13.9 million from $15.4 million.

The company highlighted four new strategic partnerships, including a NeoTensr contract valued at up to $50 million with an $11 million purchase order expected to ship in Q2, and a Winmate alliance targeting about $15 million in first-year business. Blaize also launched its Blaize AI Services platform, starting with face recognition, to add recurring API-based revenue. A registered equity offering of 18.9 million shares at $1.85 per share raised $35 million before fees, supporting inventory build and platform development. Full-year 2026 guidance calls for approximately $130 million of revenue and an Adjusted EBITDA loss of $45–$50 million, with stock-based compensation around $34.4 million and weighted average shares of about 142 million.

Blaize Holdings, Inc. director Anthony Cannestra reported an exercise-and-sale transaction in company stock. He exercised stock options to acquire 50,000 shares of common stock at an exercise price of $0.57 per share, then sold 50,000 shares of common stock in open-market transactions at a weighted average price of $1.85 per share.

The sale price reflected multiple trades between $1.78 and $1.88 per share. Both the option exercise and the share sales were carried out under a pre-arranged Rule 10b5-1 trading plan that Cannestra adopted on December 11, 2025, indicating the timing was set in advance rather than decided opportunistically. Following these transactions, the filing reports no directly owned shares of common stock.

Blaize Holdings, Inc. director Bess Lane reported updated ownership in common and derivative securities, largely reflecting holding positions and internal reclassifications rather than open‑market trades. The primary new item is an entry showing 2,000,000 shares of common stock held indirectly by Bess Ventures and Advisory, LLC after an "other" code transaction.

According to the disclosure, these shares were acquired by Bess Ventures and Advisory, LLC in good faith in connection with a previously contracted debt and are treated as exempt from Section 16(b). The filing also shifts prior earnout shares, restricted stock units, and options into the derivative table with no new transactions in those positions since the last Form 4, and it details remaining earnout rights and stock options tied to the company’s earlier business combination and merger agreement.

Bess Ventures & Advisory, LLC, a more than ten percent owner of Blaize Holdings, Inc., reported an "other" transaction involving 2,000,000 shares of common stock on May 8, 2026. A footnote explains the shares were acquired in good faith to satisfy a debt previously contracted, at a reference price of $1.83 per share based on the market open that day. After this restructuring-related transaction, Bess Ventures is shown holding 13,653,976 shares of Blaize common stock directly.

Lane Bess and affiliated entities filed an amended Schedule 13D reporting beneficial ownership of 9.2% of Blaize Holdings common stock. They report 13,021,985 shares beneficially owned, based on 142,225,939 shares outstanding as of May 7, 2026.

The stake includes shares held by Bess Ventures & Advisory, an irrevocable trust, and 185,234 shares underlying currently exercisable options held by Bess. Bess Ventures also foreclosed on 3,500,000 shares of collateral stock after the sponsor defaulted on promissory notes totaling $25,000,000.

The filing notes prior acquisition of shares via a SPAC business combination and outlines registration rights, lock-up terms, secured loan agreements, and potential earnout rights of up to 15 million additional shares for all eligible holders, tied to future trading-price triggers. Bess serves as Chairman of the Board and may influence Blaize’s strategic decisions.

BZAI submitted a Rule 144 notice relating to the sale of 50,000 shares of Common Stock stemming from a stock option exercise on 05/11/2026 with cash proceeds. The filing also records a prior sale of 50,000 shares by Anthony Cannestra on 04/06/2026.

Blaize Holdings is offering 18,918,918 shares of common stock at $1.85 per share. The offering would generate gross proceeds of approximately $35.0 million and estimated net proceeds to the company of about $32.6 million, or about $37.5 million if the underwriters’ option is fully exercised. The company intends to use net proceeds for working capital and general corporate purposes. Shares outstanding after the offering are stated as 142,225,939 (or 145,063,776 if the over-allotment is exercised).