Blaize raises $30M PIPE led by Polar; Q3 prelim rev $11.9M, net loss $26.3M

Blaize Holdings, Inc.

Private placement of 9.375M shares at $3.20/share and warrants for 9.375M shares at $5.00 exercise price, 5-year term.
Gross proceeds ~$30M; expected to fund core operations into H2 2026 excluding next-gen chip investments.
Preliminary Q3 revenue $11.9M, net loss $26.3M, Adjusted EBITDA loss $11-12M.
Shipped first products to Starshine Computing Power in Q3, recognized $10.4M revenue, received $1.6M cash to date.
Offering expected to close Nov 12; Craig-Hallum lead placement agent.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.