Blaize prices $35 million stock offering at $1.85 per share

Blaize Holdings Inc. (NASDAQ: BZAI) announced the pricing of its public offering of 18,918,918 shares of common stock at $1.85 per share, according to a company statement. The offering will generate gross proceeds of approximately $35 million before underwriting discounts and fees.

The AI computing company granted underwriters a 30-day option to purchase up to an additional 2,837,837 shares at the same price, less underwriting discounts. The offering is expected to close on May 7, 2026, subject to customary closing conditions.

Blaize plans to use net proceeds from the offering for working capital and general corporate purposes. Northland Capital Markets serves as sole bookrunning manager for the offering, while The Benchmark Company acts as co-manager.

The company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission on January 27, 2026, which was declared effective on February 4, 2026. The offering will be conducted through a written prospectus and prospectus supplement.

Blaize develops programmable AI platforms for inference workloads in real-world environments. The company's technology combines its Graph Streaming Processor with GPU-based infrastructure for applications across edge, cloud, and data center environments. The company serves markets including smart cities, industrial automation, telecommunications, retail, logistics, and defense.

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