Blaize Raises $35 Million Through Pricing of 18.9M Share Offering
BZAI•Blaize Holdings priced an underwritten offering of 18,918,918 shares at $1.85 each, raising approximately $35 million before fees. Underwriters have a 30-day option for 2,837,837 additional shares, with proceeds earmarked for working capital and general corporate purposes.
1. Offering Details
Blaize Holdings announced the pricing of an underwritten public offering of 18,918,918 shares of common stock at $1.85 per share, resulting in gross proceeds of approximately $35 million before deducting discounts and fees.
2. Option for Additional Shares
The company granted the underwriters a 30-day option to purchase up to 2,837,837 additional shares at the same $1.85 price, potentially boosting total gross proceeds by roughly $5.3 million.
3. Use of Proceeds
Blaize intends to apply net proceeds from the offering toward working capital and general corporate purposes, supporting ongoing operations and strategic initiatives.
4. Timeline and Managers
The offering is expected to close on May 7, 2026, subject to customary conditions, with Northland Capital Markets as sole bookrunner and The Benchmark Company as co-manager.
