---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-275658"
form_type: "8-K"
ticker: "BZAI"
cik: "0001871638"
company_name: "Blaize Holdings, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:37:50.132526+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-275658
- form_type: 8-K
- ticker: BZAI
- cik: 0001871638
- company_name: Blaize Holdings, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871638/000119312525275658/0001193125-25-275658-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871638/000119312525275658/bzai-20251111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-275658
- JSON: https://secwatch.observer/filing/0001193125-25-275658.json
- Plain text: https://secwatch.observer/filing/0001193125-25-275658.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.