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) — Blaize Holdi gs, I c. (NASDAQ: BZAI, NASDAQ: BZAIW) (“Blaize,” the “Compa y,” “we,” “us,” a d “ou ”), a leade i p og ammable, e e gy-efficie t AI computi g, a ou ced today that its Boa d of Di ecto s decla ed a divide d of o e o e-thousa dth of a sha e of ewly desig ated Se ies B P efe ed Stock, pa value $0.0001 pe sha e, fo each outsta di g sha e of Blaize commo stock held of eco d o Octobe 26, 2026. The outsta di g sha es of Se ies B P efe ed Stock will vote togethe with the outsta di g sha es of the Compa y’s commo stock as a si gle class exclusively with espect to a y p oposal to adopt 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 stock i to a smalle umbe of sha es of such commo stock at a atio specified i o dete mi ed i acco da ce with the te ms of a y such ame dme t (a “Reve se Stock Split P oposal”), as well as a y p oposal to adjou a y meeti g of stockholde s called fo the pu pose of voti g o the fo egoi g matte (a “Adjou me t P oposal”), a d will ot be e titled to vote o a y othe matte , except to the exte t equi ed u de the Delawa e Ge e al Co po atio Law. Subject to ce tai limitatio s, each outsta di g sha e of Se ies B P efe ed Stock will have 1,000,000 votes pe sha e (o 1,000 votes pe o e o e-thousa dth of a sha e of Se ies B P efe ed Stock).

All sha es of Se ies B P efe ed Stock 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 immediately p io to the ope i g of the polls at such meeti g will automatically be edeemed by the Compa y. A y outsta di g sha es of Se ies B P efe ed Stock that have ot bee so edeemed will automatically be edeemed i whole, but ot i pa t, at the close 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 stock i to a smalle umbe of sha es of such commo stock 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 Stock will be u ce tificated. The ce tificate of desig atio gove i g Se ies B P efe ed Stock will p ovide that sha es of Se ies B P efe ed Stock may ot be t a sfe ed except i co ectio with a t a sfe by such holde of a y sha es of the Compa y’s commo stock 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 Stock equal to the umbe of sha es of the Compa y’s commo stock to be t a sfe ed by such holde will be t a sfe ed to the t a sfe ee of such sha es of commo stock.

Fu the details ega di g the Se ies B P efe ed Stock will be co tai ed i a epo t o Fo m 8-K to be filed by Blaize with the Secu ities a d Excha ge Commissio .

About Blaize Holdi gs, I c.

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 data 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 dust 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 Middle East, a d Asia. Visit www.blaize.com o follow us o Li kedI @blaizei c.

Cautio a y Stateme t Rega di g Fo wa d-Looki g Stateme ts

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 laws. All stateme ts othe tha stateme ts of histo ical fact 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 Stock Split P oposal a d a Adjou me t P oposal, if a y.

Fo wa d-looki g stateme ts a e based o ma ageme t’s cu e t expectatio s a d a e subject to isks, u ce tai ties a d cha ges i ci cumsta ces, ma y of which a e outside the Compa y’s co t ol. Actual esults may diffe mate ially f om those exp essed o implied by these fo wa d-looki g stateme ts. Impo ta t facto s that could cause actual esults to diffe mate ially a e discussed 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-K 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 speak o ly as of the date of this p ess elease, a d the Compa y assumes o obligatio to update them except as equi ed by law.

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