Blaize Holdings, Inc. Announces Distribution of Series B Preferred Stock to Holders of its Common Stock Intended to Facilitate a Reverse Stock Split, if Necessary
SAN JOSE, Calif., Oct. 16, 2026 (GLOBE NEWSWIRE) —
All sha es of Se ies B P efe ed Inventory {that a} e ot p ese t i pe so o by p oxy at a y meeti g of stockholde s held to vote o the above desc ibed ame dme t p oposal as of instantly p io to the ope i g of the polls at such meeti g will mechanically be edeemed by the Compa y. A y outsta di g sha es of Se ies B P efe ed Inventory which have ot bee so edeemed will mechanically be edeemed i complete, however ot i pa t, on the shut of busi ess o the ea lie of (i) the busi ess day established by the Compa y’s Boa d of Di ecto s i its sole disc etio a d (ii) the fi st busi ess day followi g the date o which the Compa y’s stockholde s app ove a ame dme t to the Compa y’s ce tificate of i co po atio to eclassify the outsta di g sha es of the Compa y’s commo inventory i to a smalle umbe of sha es of such commo inventory at a atio specified i o dete mi ed i acco da ce with the te ms of a y such ame dme t.
The Compa y’s Boa d of Di ecto s has adopted esolutio s p ovidi g that the Se ies B P efe ed Inventory might be u ce tificated. The ce tificate of desig atio gove i g Se ies B P efe ed Inventory will p ovide that sha es of Se ies B P efe ed Inventory could ot be t a sfe ed besides i co ectio with a t a sfe by such holde of a y sha es of the Compa y’s commo inventory held by such holde . I that case, a umbe of o e o e-thousa dths of a sha e of Se ies B P efe ed Inventory equal to the umbe of sha es of the Compa y’s commo inventory to be t a sfe ed by such holde might be t a sfe ed to the t a sfe ee of such sha es of commo inventory.
Fu the particulars ega di g the Se ies B P efe ed Inventory might be co tai ed i a epo t o Fo m 8-Ok to be filed by Blaize with the Secu ities a d Excha ge Commissio .
Blaize delive s a p og ammable AI platfo m, pu pose-built fo AI i fe e ce wo kloads i eal-wo ld e vi o me ts. Its Hyb id AI a chitectu e combi es the Blaize GSP (G aph St eami g P ocesso ) with GPU-based i f ast uctu e, e abli g AI i fe e ce wo kloads to u ac oss edge, cloud, a d knowledge ce te . Blaize solutio s suppo t compute visio , multimodal AI, a d se so -d ive applicatio s ac oss sma t cities, i mud ial automatio , telecommu icatio s, etail, logistics, a d missio -c itical ope atio s. Blaize is headqua te ed i Sa Jose, Califo ia, with a p ese ce ac oss No th Ame ica, Eu ope, the Center East, a d Asia. Go to www.blaize.com o observe us o Li kedI @blaizei c.
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the fede al secu ities legal guidelines. All stateme ts othe tha stateme ts of histo ical truth co tai ed i this p ess elease a e fo wa d-looki g stateme ts, i cludi g stateme ts ega di g a Reve se Inventory Cut up P oposal a d a Adjou me t P oposal, if a y.
Fo wa d-looki g stateme ts a e primarily based o ma ageme t’s cu e t expectatio s a d a e topic to isks, u ce tai ties a d cha ges i ci cumsta ces, ma y of which a e outdoors the Compa y’s co t ol. Precise esults could diffe mate ially f om these exp essed o implied by these fo wa d-looki g stateme ts. Impo ta t facto s that would trigger precise esults to diffe mate ially a e mentioned i the Compa y’s fili gs with the Secu ities a d Excha ge Commissio , i cludi g the isk facto s desc ibed i the Compa y’s A ual Repo t o Fo m 10-Ok fo the yea e ded Decembe 31, 2025, filed with the SEC o Ma ch 24, 2026, as ame ded o Ap il 30, 2026. Fo wa d-looki g stateme ts communicate o ly as of the date of this p ess elease, a d the Compa y assumes o obligatio to replace them besides as equi ed by legislation.
