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 Holdings announced a dividend distribution of Series B Preferred Stock to common shareholders, designed to facilitate a potential reverse stock split. The preferred shares will have voting rights exclusively on reverse stock split and adjournment proposals, with each share carrying 1,000,000 votes. The shares will automatically redeem upon stockholder approval of the reverse split or if not present at the shareholder meeting.