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
Blaize’s board declared a dividend of one one-thousandth of a share of Series B Preferred Stock for each common share held of record on October 26, 2026. The preferred shares will vote only on a proposed reverse stock split and related meeting adjournment, subject to stated limitations.
Why it matters — The distribution is intended to facilitate a reverse stock split, if necessary, and gives holders of the preferred shares voting rights on that proposal.