Blaize settles dispute with board chair's entity, issues 2M shares

Blaize Holdings, Inc.

Issued 2,000,000 shares of common stock to Bess Ventures (entity of board chair Lane Bess) to settle dispute over Control Letter and Securities Transfer Agreement.
Settlement includes mutual releases of claims related to the dispute; no admission of wrongdoing by either party.
Board, including disinterested members, approved the settlement; shares issued in reliance on Section 4(a)(2) and Rule 506(b) exemption.
Dispute involved a Notice of Exclusive Control and alleged breaches causing reduction in collateral; Blaize disagreed with assertions.

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