IPO - BurTech Acquisition Corp.

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Form Type: S-1/A

Filing Date: 2025-02-10

Corporate Action: Ipo

Type: Update

Accession Number: 000119312525023099

Filing Summary: Blaize Holdings, Inc. is filing this Registration Statement under the Securities Act of 1933 for the resale of shares and warrants following a Business Combination with BurTech Acquisition Corp. The document outlines the proposed sale of 89,550,141 shares of common stock and 898,250 warrants to be sold by selling securityholders. The business combination was consummated on January 13, 2025, when BurTech Merger Sub merged with Legacy Blaize, making it a wholly owned subsidiary of BurTech, which then changed its name to Blaize Holdings, Inc. The report specifies the securities being registered for resale, the nature of the business model focusing on AI-driven edge computing technology, and the implications of potential sales on market price and liquidity. Investors are cautioned about potential risks and should review the detailed listings and financial data provided. The company classifies as an emerging growth company and is subject to modified public company reporting requirements. The document includes cautions regarding forward-looking statements and their associated uncertainties, alongside market information such as common stock and warrant pricing.

Document Link: View Document

Additional details:

Shares Common Stock: 89,550,141


Warrants: 898,250


Business Combination Date: 2025-01-13


Previous Company Name: BurTech Acquisition Corp.


Registration Rights Agreement Date: 2025-01-13


Stock Symbol: BZAI


Warrant Symbol: BZAIW


Closing Price Common Stock: 5.30


Closing Price Warrant: 0.49


Form Type: S-1

Filing Date: 2025-01-21

Corporate Action: Ipo

Type: New

Accession Number: 000119312525008689

Filing Summary: Blaize Holdings, Inc. filed its S-1 registration statement in connection with its initial public offering. The filing outlines the company's plan to issue shares and provides comprehensive details regarding its financial position, business operations, and market strategy. It highlights the utilization of proceeds from the offering for growth initiatives, including research and development as well as strengthening operational capabilities. The document also discusses the risk factors associated with market volatility and competitive dynamics in the technology sector. Additionally, it includes a description of outstanding securities, business affiliations, and corporate governance matters relevant to potential investors. The company aims to leverage its technological innovations in artificial intelligence to establish a strong market presence post-IPO.

Document Link: View Document

Additional details:

Number Of Shares: not determinable as of December 31, 2023 due to variable settlement terms


Warrant Shares Issue Date: 2023-12-31


Conversion Terms: pay to play convertible notes


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