Blaize Holdings Stock Slides After Prelim 3Q Loss, $30M Private Placement

Dow Jones11-11

By Elias Schisgall

Shares of Blaize Holdings slid Tuesday after the AI company announced a $30 million private placement and said it expects to report a wider third-quarter loss than expected.

Shares were down 17%, at $2.81, after opening at $3.35. The stock is down 81% year-to-date.

Blaize reported a preliminary third-quarter loss of $26.3 million, compared with a loss of $25.6 million in the same quarter a year ago.

Analysts polled by FactSet were anticipating a loss of $21.2 million.

The company said it expects revenue will be $11.9 million for the quarter. Analysts are expecting $11.3 million.

The company also said it entered into an agreement to sell nearly 9.4 million shares to Polar Asset Management Partners at a price of $3.20 a share. Polar also will receive five-year warrants to buy another 9.4 million shares at a price of $5.

The company said it would use the proceeds from the sale to fund the commercialization of its AI platform and the development of its next-generation computer chip.

Blaize expects the transaction to close Wednesday.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

November 11, 2025 10:50 ET (15:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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