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Blaize Holdings, Inc. logo
BZAI$0.2079+7.72%

Blaize Holdings, Inc.

Sector: Semiconductors & Related DevicesIndustry: SemiconductorsCountry: USExchange: Nasdaq

Mkt Cap$30.15M
Float & O/S
Inst Own

DilutionScan read 42 of Blaize Holdings, Inc.'s SEC filings and found 3 warrant series, 2 convertibles, 1 equity line, 1 shelf registration, 3 S-1 registrations and 3 completed offerings on file for BZAI. The latest dilution event on file is an offering on Jul 7, 2026. Analysis updated Oct 24, 2026.

Signal8 Summary

BZAI

Near-zero cash runway and lawsuits

Snapshot

Blaize is a small-cap AI computing company with explosive revenue growth but a deeply broken financial profile. FY 2025 revenue jumped to $38.6M from $1.6M, but gross margins are a thin 16% and the company lost $206.9M.

What's Happening Right Now

  • : Holzer & Holzer filed a class action alleging Blaize announced transactions with unequipped entities to create an appearance of growth and improperly recognized revenue.

Raise routes on file: effective shelf + effective S-1 + active equity line · latest dilution event 119 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Jul 7, 2026 · Offering

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 3

What is this?

Size, shares registered and dates with Pro

S-1 · primary and resale

Issued 2025

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2025

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2025

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 3

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2025

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Advisor warrants

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2025

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 2

What is this?

Principal, conversion terms and dates with Pro

Convertible

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series B Preferred Stock

Not yet issued

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2025

Active

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Shelf · 1

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 3

What is this?

Proceeds, price, shares and agent with Pro

Public offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2025

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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