Recent 8-K filings for BZAI
Highest-materiality recent filing
Blaize Holdings completes SPAC merger with BurTech, begins trading on Nasdaq
- Business Combination closed Jan 13, 2025; Legacy Blaize survives as wholly owned subsidiary.
- Merger valued Blaize at $767M per April 2024 amendment.
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Blaize Q1 revenue $2.7M (+172% YoY); FY26 guide reaffirmed at $130M; partnerships
Q1 revenue $2.7M, up 172% YoY; gross margin 58% vs 11% Q4 2025.
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Blaize prices $35M public offering of 18.9M shares at $1.85/sh; warrants amended to $3 strike
Gross proceeds ~$35M from 18,918,918 shares at $1.85/share; underwriters have 30-day option for up to 2,837,837 additional shares.
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Blaize adopts limited-duration stockholder rights plan with 10% trigger expiring April 2027
Rights plan triggered if any person/group acquires 10%+ beneficial ownership of Blaize common stock.
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Blaize Q1 rev expected $2.7M (miss); FY26 guide $130M; wins $50M NeoTensr contract
Preliminary Q1 2026 revenue ~$2.7M, impacted by memory supply chain delays.
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Blaize FY2025 revenue $38.6M vs $1.6M; Q4 net loss narrows to $3.2M
Full-year revenue of $38.6M, up ~24x from $1.6M in 2024; Q4 revenue $23.8M, more than double Q3.
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Blaize Holdings enters into change in control severance agreements with CFO and VP Engineering
Santiago Fernandez-Gomez, VP of Platform Engineering, signed severance agreement on December 26, 2025.
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Blaize Holdings annual meeting elects seven directors, rejects charter amendment, ratifies auditor
All seven director nominees elected; votes for ranged from 39.9M (Edward Frank) to 41.4M (Yoshiaki Fujimori); broker non-votes ~26.8M shares.
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Blaize Q3 revenue $11.9M, beats guidance; net loss $26.3M; closes $30M financing
Revenue of $11.9M beat guidance ($11.0-$11.5M), up 499% QoQ and 1,419% YoY.
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Blaize raises $30M PIPE led by Polar; Q3 prelim rev $11.9M, net loss $26.3M
Private placement of 9.375M shares at $3.20/share and warrants for 9.375M shares at $5.00 exercise price, 5-year term.
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Blaize grants CFO Harminder Sehmi option for 200,000 shares at $3.57
Option to purchase 200,000 shares granted under 2025 Incentive Award Plan.
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Blaize Q2 revenue $2M (+97% QoQ); secures $120M Starshine and $56M Asia contracts
Q2 revenue $2.0M, up 97% QoQ, above guidance; net loss $29.6M; adjusted EBITDA loss $12.9M; cash $29.1M.
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Blaize inks $120M APAC hybrid AI deal with Starshine, lifts 2025-26 revenue guidance
Strategic partnership with Starshine for minimum $120M revenue over 18 months, deploying hybrid AI across APAC smart cities.
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Strategic Cooperation Agreement with Starshine to sell Blaize's hybrid AI platform in Asia Pacific.
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Blaize sets first Annual Meeting for Dec 3, 2025; proposal deadline July 18
Annual Meeting will be held virtually on December 3, 2025; record date is October 6, 2025.
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Blaize signs $50M equity purchase agreement with B. Riley for at-the-market sales
Up to $50M of common stock may be sold to B. Riley over 36 months at VWAP minus 3% discount.
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Blaize subsidiary enters referral deal with Burkhan; BST commits up to $56.5M in product purchases
BurTech Systems Tech ordered up to $56.5M of Blaize products from Q2 2025 through 2026 under referral agreement.
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Blaize Q1 revenue up 83% to $1.0M; net loss widens to $147.8M on merger costs
Revenue $1.0M for Q1 2025, up 83% YoY driven by smart city product shipments.
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Blaize reports 2024 net loss of $61.2M on revenue of $1.55M; auditor cites going concern
Net loss $61.2M in 2024 (vs $87.6M in 2023); revenue fell 60% to $1.55M.
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Blaize FY2024 revenue drops 59% to $1.6M; net loss narrows to $61.2M
Net revenue $1.6M vs $3.9M in FY2023, down 59% due to completion of Phase I of European OEM program.
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Blaize issues FY2025 revenue guidance $19M–$50M, FY2026 $105M–$140M
FY2025 revenue estimated at $19M–$50M; FY2026 at $105M–$140M as solutions deploy.
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Audit committee approved UHY LLP as independent auditor on Jan 13, 2025, replacing Marcum LLP after Marcum completes 2024 audit.
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Blaize closes business combination with BurTech, begins trading on Nasdaq
Completed business combination with BurTech Acquisition Corp.; shares trade on Nasdaq as BZAI and BZAIW starting Jan 14, 2025.
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Blaize Holdings completes SPAC merger with BurTech, begins trading on Nasdaq
Business Combination closed Jan 13, 2025; Legacy Blaize survives as wholly owned subsidiary.
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Business combination with Blaize, Inc. completed January 13, 2025; combined entity renamed Blaize Holdings, Inc.
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BurTech raises $14.5M PIPE at $10/share for Blaize business combination
Entered PIPE subscription agreements for 1,450,000 shares at $10.00/share, aggregate $14.5M.
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BurTech enters non-redemption agreement guaranteeing $1.50/share to retain shares for Blaize merger
Non-redemption agreement with unaffiliated stockholders who agreed not to redeem shares in exchange for a guaranteed return of $1.50 per share and a put option post-merger.
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BurTech stockholders approve business combination with Blaize at special meeting
All seven proposals approved, including Business Combination, Organizational Documents, and equity plans.
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Nasdaq notice received Dec 11, 2024 for non-compliance with IM-5101-2; company will not appeal.
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BurTech proposes non-redemption incentive to reduce redemptions before Blaize merger vote Dec 23
Special meeting scheduled Dec 23, 2024, to approve merger with Blaize.
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BurTech Acquisition Corp. extends deadline to May 15, 2025; 241,120 shares redeemed
Stockholders approved charter amendment extending business combination deadline to May 15, 2025 on month-to-month basis.
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BurTech furnishes investor presentation for proposed Blaize merger; no new material terms disclosed.
Investor presentation used in marketing the business combination with Blaize, Inc. is furnished as Exhibit 99.1.
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Special meeting on Dec 9, 2024 to approve extending business combination deadline from Dec 15, 2024 to May 15, 2025.
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BurTech and Blaize file S-4 for business combination; implied EV ~$1.14B
Registration statement on Form S-4 filed with SEC on July 18, 2024 for the previously announced merger.
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BurTech receives Nasdaq deficiency notice for late Q1 2024 10-Q filing
Nasdaq notified BurTech on June 3, 2024 of non-compliance with Listing Rule 5250(c)(1) due to delayed 10-Q.
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BurTech renegotiates deferred underwriting commission from $10.06M to $1.5M at Blaize merger closing
EF Hutton accepts $1.5M cash at closing in full satisfaction of $10,062,500 deferred underwriting commission.
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BurTech and Blaize amend merger terms; $70M note closed; sponsor backstops $30M trust minimum
RT-AI funded $70M of $125M convertible note financing; up to $55M additional by May 9, 2024.
Earnings & guidance
Materiality & sentiment trend
Max materiality 1.00 · Median 0.65 · Most common event other_material