Blaize Holdings Declares Preferred Stock Rights Dividend, One Right Per Share
Blaize Holdings, Inc. (NASDAQ: BZAI), an AI computing company, declared a dividend of one preferred stock purchase right for each outstanding common share. The record date is May 6, 2026.
Blaize Holdings, Inc. (NASDAQ: BZAI), an artificial intelligence computing company, declared a dividend of one preferred stock purchase right for each share of common stock outstanding at the close of business on May 6, 2026. The company entered into a Rights Agreement with Continental Stock Transfer & Trust Company on April 22, 2026. Read more dividend announcements.
Each right will entitle holders to purchase one one-hundredth of a share of Series A Junior Participating Preferred Stock at a price of $11.00 per fractional share. The rights become exercisable following certain triggering events and remain valid until April 21, 2027, or until earlier redemption, exchange, or termination.
The rights distribution is designed to activate when a person or group acquires beneficial ownership of 10% or more of the company's common stock. Until the distribution date, the rights will be evidenced by existing common stock certificates or book-entry registrations.
| Dividend Details | Information |
|---|---|
| Type | One Preferred Stock Purchase Right per Common Share |
| Record Date | May 6, 2026 |
| Purchase Price | $11.00 per one one-hundredth share of Series A Preferred |
| Expiration Date | April 21, 2027 |
| Trigger Threshold | 10% beneficial ownership of common stock |
Series A Preferred Stock Terms
The company authorized 6,000,000 shares of Series A Junior Participating Preferred Stock in connection with the rights plan. Holders of the Series A Preferred will be entitled to quarterly cash dividends when declared by the board, payable on the first day of March, June, September, and December.
The quarterly dividend amount will equal the greater of $1.00 per share or 100 times the aggregate per-share amount of all cash and non-cash dividends declared on the common stock since the previous payment date. The dividend rate adjusts automatically for stock splits, combinations, or stock dividends on the common stock.
Dividends on the Series A Preferred rank senior to common stock dividends and begin accruing from the quarterly dividend payment date preceding the issuance date of the preferred shares.