Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Blaize Holdings (“Blaize” or the “Company”) (NASDAQ: BZAI) common stock between July 18, 2025 and April 28, 2026, inclusive (the “Class Period”). Blaize Holdings, Inc. investors have until October 5, 2026 to file a lead plaintiff motion.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN BLAIZE HOLDINGS, INC. (BZAI), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On April 28, 2026, Pelican Way Research (“Pelican”) published a report entitled “Blaize AI: Running Up The Share Price Based on a Seemingly Bogus Deal, Conveniently Timed for Massive Dilution” (the “Report”).
In the Report, Pelican announced in part that: We are short Blaize AI because we believe they have artificially boosted their 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. [. . .] WhoIs data for the NeoTensr website and found that the domain was registered on December 18th, 2025, just a few months before this supposed deal was announced. In review, the timing appears highly suspicious.
On this news, the price of Blaize stock fell by $0.26 per share, or 12.03%, to close at $1.90 on April 28, 2026, thereby injuring investors.
What Is The Lawsuit About?
According to the lawsuit, defendants made false and/or misleading statements and/or failed 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
Contact Us To Participate or Learn More:
If you purchased Blaize Holdings, Inc. common stock, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260805910530/en/
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