{"url":"https://newsforagent.com/news/2026-10-17/blaize-series-b-preferred-dividend-split-vote","markdown_url":"https://newsforagent.com/news/2026-10-17/blaize-series-b-preferred-dividend-split-vote.md","title":"Blaize Declares Series B Preferred Dividend for Split Vote","headline":"Blaize Holdings Issues Series B Preferred Dividend Tied to Reverse Stock Split Vote","description":"Blaize declared a dividend of one one-thousandth of a Series B Preferred share per common share, carrying 1,000,000 votes each.","section":"Dividends & Buybacks","published_at":"2026-10-17T00:27:13+00:00","modified_at":"2026-10-17T00:27:13+00:00","author":"News Desk","key_takeaways":["Blaize's board declared a dividend of one one-thousandth of a share of Series B Preferred Stock for each outstanding common share, with a record date of October 26, 2026.","Each outstanding Series B Preferred share carries 1,000,000 votes and votes only on a reverse stock split proposal and any adjournment proposal.","Series B Preferred shares not present at the meeting will be automatically redeemed, and Blaize will file a Form 8-K with further details."],"companies":[{"name":"Blaize","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000di3/blaize","website":"https://www.blaize.com"}],"source":{"publisher":"TradingView","title":"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","url":"https://www.tradingview.com/news/globenewswire:790272229094b:0-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/"},"other_sources":[{"publisher":"Quiver Quantitative","url":"https://www.quiverquant.com/news/Blaize+Holdings%2C+Inc.+Declares+Series+B+Preferred+Stock+Dividend+to+Support+Reverse+Stock+Split+Vote"}],"tags":["Dividends & Buybacks","Blaize"],"body_markdown":"[Blaize](https://akta.pro/company-profiles/0000di3/blaize) Holdings declared a dividend of one one-thousandth of a share of Series B Preferred Stock for each outstanding common share, with a record date of October 26, 2026, to facilitate a reverse stock split if needed. The company said the preferred shares will vote only on a reverse stock split proposal and any adjournment proposal.\n\n## Blaize's Series B Preferred Dividend Terms\n\nBlaize's board declared the dividend of one one-thousandth of a share of newly designated Series B Preferred Stock, par value $0.0001 per share, for each outstanding share of common stock held of record on October 26, 2026, according to [TradingView](https://www.tradingview.com/news/globenewswire:790272229094b:0-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/). The Series B Preferred Stock votes together with common stock as a single class only on a proposal to amend the certificate of incorporation to reclassify common shares into a smaller number at a ratio set by that amendment, and on any proposal to adjourn a meeting called to vote on it.\n\nEach outstanding Series B Preferred share carries 1,000,000 votes, or 1,000 votes per one one-thousandth of a share, subject to certain limitations. Shares not present in person or by proxy at a meeting held to vote on the amendment will be automatically redeemed immediately before the polls open, and any remaining shares will be redeemed in whole at the close of business on the earlier of a business day set by the board or the first business day after stockholders approve the amendment. The board adopted resolutions providing that the Series B Preferred Stock will be uncertificated, and the certificate of designation will bar transfers except alongside a transfer of common stock. Blaize will file a Form 8-K with the Securities and Exchange Commission with further details.\n\n[Quiver Quantitative](https://www.quiverquant.com/news/Blaize+Holdings%2C+Inc.+Declares+Series+B+Preferred+Stock+Dividend+to+Support+Reverse+Stock+Split+Vote) also reported the dividend of one one-thousandth of a share of Series B Preferred Stock for each outstanding common share, the October 26, 2026 record date, the 1,000,000 votes per share, and the automatic redemption of unrepresented shares.\n\n## Blaize's Funding and Revenue Records\n\nBlaize designs programmable AI inference silicon and software platforms for edge and hybrid edge-to-core AI deployments, according to [akta.pro company records](https://akta.pro/company-data). The same records show a $35 million registered underwritten public offering of 18.9 million shares at $1.85 per share in May 2026, priced to extend cash runway to mid-2027 amid going-concern doubt and securities investigations. The records list total funding of $307 million, a January 2025 SPAC merger with BurTech Acquisition Corp at a $1.2 billion valuation, and 2026 revenue guidance of $130 million.\n\n## Legal Challenges Before the Dividend\n\nKuehn Law, PLLC said in September 2026 it was investigating Blaize for alleged breaches of fiduciary duties, including improper revenue recognition and misleading public statements, according to PR Newswire. Rosen Law Firm reminded investors who bought securities between July 18, 2025 and April 28, 2026 of the October 5, 2026 lead plaintiff deadline in a securities class action, according to Newsfile. Pomerantz LLP announced a class action lawsuit alleging securities fraud, with the same October 5, 2026 deadline to seek lead plaintiff appointment, according to FinancialContent Business Page.\n\n## What Comes Next for Blaize\n\nBlaize will file a Form 8-K with the Securities and Exchange Commission containing further details on the Series B Preferred Stock. The dividend applies to common stockholders of record on October 26, 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}