secwatch.observer — SEC 8-K summary
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Issuer:     Blaize Holdings, Inc. (BZAI)
CIK:        0001871638
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001193125-25-275658
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871638/000119312525275658/0001193125-25-275658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871638/000119312525275658/bzai-20251111.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-275658

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer