Blaize Holdings, Inc. (NASDAQ: BZAI)

This lawsuit is for anyone who acquired securities in Blaize Holdings, Inc. (NASDAQ: BZAI) from July 18, 2025 through April 28, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by engaging in a fraudulent transaction purporting to sell products to a company that Blaize knew could not afford to actually purchase the products for the purpose of artificially inflating revenue.

On April 28, 2026, Pelican Way Research published a report alleging, among other things, that Blaize had “artificially boosted [its] share price by engaging in a bogus deal with a 4-month-old counterparty whose website features ‘products’ that appear to be photoshopped to add the Blaize logo.”  Specifically, the report cited Blaize’s deal with NeoTensr, worth approximately $50 million, despite NeoTensr having just $2 million of startup capital, according to Chinese filings. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Blaize Holdings, Inc. (NASDAQ: BZAI) from July 18, 2025 through April 28, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.