BZAI CLASS ACTION NOTICE: Faruqi & Faruqi, LLP Reminds Blaize Investors of Securities Class Action Lawsuit Deadline on October 5, 2026

Faruqi & Faruqi, LLP is investigating potential claims against Blaize Holdings, Inc. ("Blaize" or the "Company") (NASDAQ: BZAI) and reminds investors of the October 5, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Blaize announced transactions with entities wholly unequipped to conduct meaningful business in order to create an appearance of growth; (2) Blaize improperly recognized revenue; and (3); as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

On April 28, 2026, Pelican Way Research published a report entitled "Blaize AI: Running Up The Share Price Based on a Seemingly Bogus Deal, Conveniently Timed for Massive Dilution," alleging 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, and that NeoTensr was incorporated in late December 2025 with only approximately $2 million in startup capital, making it inconceivable that Blaize could have achieved $20 million in revenue from a NeoTensr order in Q4 2025.

On this news, Blaize's stock price fell $0.26, or 12.03%, to close at $1.90 per share on April 28, 2026.