Blaize Holdings Raises $30 Million in Private Placement Led by Polar Asset Management

Reuters11-11
Blaize Holdings Raises $30 Million in Private Placement Led by Polar Asset Management

Blaize Holdings Inc. has announced a $30 million private placement led by Polar Asset Management Partners. The company entered into a securities purchase agreement for a private investment in public equity $(PIPE)$ involving common stock and warrants. The securities have not been registered under the Securities Act of 1933 and may only be resold under certain conditions. Blaize intends to use the proceeds to support working capital, accelerate commercialization of its AI platform, and continue development of its next-generation chip. Craig-Hallum acted as lead placement agent, with DA Davidson as co-lead placement agent. The transaction is expected to close on November 12, subject to customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blaize Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251111677377) on November 11, 2025, and is solely responsible for the information contained therein.
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