Blaize Holdings Prices $1.85 Offer, Shares Fall

Blaize Holdings priced an underwritten public offering at $1.85 per share, issuing 18.9 million shares for about $35 million gross proceeds.
The offering includes a 30‑day option for underwriters to buy up to 2.84 million additional shares at the same price, diluting existing shareholders.
Following the pricing announcement, Blaize’s NASDAQ‑listed shares dropped 20.6%, and the deal is slated to close on May 7, 2026.
Net proceeds will be used for working capital and general corporate purposes; Northland Capital Markets is sole bookrunner, Benchmark Co‑manager.