Blaize Holdings, Inc. expected to begin trading on Nasdaq under
ticker symbols “BZAI” and “BZAI.W” on Tuesday, January 14,
following anticipated closing of business combination with
BurTech
Blaize, Inc. (“Blaize”), a provider of purpose-built, artificial
intelligence (“AI”)-enabled edge computing solutions, and BurTech
Acquisition Corp. (“BurTech”), a special purpose acquisition
company, today announced that they expect to complete their
previously announced business combination (the “Business
Combination”) on January 12, 2025. The combined company will be
named “Blaize Holdings, Inc.” and its common stock and warrants are
expected to begin trading on Nasdaq under the ticker symbols "BZAI"
and "BZAI.W," respectively, on January 14, 2025.
“We’re thrilled with approval to list from Nasdaq and the
prospects of a long-standing partnership with its marketplace of
investors,” said Dinakar Munagala, CEO of Blaize. “This marks the
beginning of a new chapter in Blaize's journey, one where we
continue to lead the way in bringing artificial intelligence to the
edge.”
"The approval for Blaize to trade on Nasdaq marks a pivotal
moment, unlocking tremendous opportunities in edge AI across
sectors like defense, robotics, and autonomous systems. We are
thrilled to support Blaize in advancing transformative solutions
that redefine the future of AI at the edge,” said Shahal Khan, CEO
of BurTech.
About BurTech
BurTech (NASDAQ: BRKH) is a special-purpose acquisition company
dedicated to partnering with exceptional businesses and providing
them with the resources and expertise to excel in the public
market. With a focus on delivering long-term value to stockholders
and supporting innovative companies, BurTech is committed to
creating success stories in technology industries. With steadfast
stockholders, a robust financial footing, and an unyielding
commitment to innovation, BurTech is a visionary force in the
technology world.
About Blaize
Blaize provides a full-stack programmable processor architecture
suite and low-code/no-code software platform that enables AI
processing solutions for high-performance computing at the
network’s edge and in the data center. Blaize solutions deliver
real-time insights and decision-making capabilities at low power
consumption, high efficiency, minimal size, and low cost. Blaize
has raised over $330 million from strategic investors such as
DENSO, Mercedes-Benz AG, Magna, and Samsung and financial investors
such as Franklin Templeton, Temasek, GGV, Bess Ventures, BurTech LP
LLC, Rizvi Traverse, and Ava Investors. Headquartered in El Dorado
Hills (CA), Blaize has more than 200 employees worldwide with teams
in San Jose (CA) and Cary (NC), and subsidiaries in Hyderabad
(India), Leeds and Kings Langley (UK), and Abu Dhabi (UAE).
Cautionary Statement Regarding Forward Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the U.S.
Securities Exchange Act of 1934, as amended (the “Exchange Act”),
that are based on beliefs and assumptions and on information
currently available to Blaize, including statements regarding the
expected closing of the Business Combination, the expected timing
for trading of Blaize Holding, Inc.’s securities on Nasdaq, and
Blaize’s business plans and growth strategies, market
opportunities, customer pipeline and financial prospects. In some
cases, you can identify forward-looking statements by the following
words: “may,” “will,” “could,” “would,” “should,” “expect,”
“intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,”
“project,” “potential,” “continue,” “ongoing,” “target,” “seek” or
the negative or plural of these words, or other similar expressions
that are predictions or indicate future events or prospects,
although not all forward-looking statements contain these words.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including but not limited to: (i) changes in domestic and
foreign business, market, financial, political and legal
conditions; (ii) the expected benefits of the Business Combination
are not obtained; (iii) the ability to meet stock exchange listing
standards following the consummation of the Business Combination;
(iv) the risk that the Business Combination disrupts current plans
and operations of Blaize as a result of the consummation of the
Business Combination; (v) failure to realize the anticipated
benefits of the Business Combination, which may be affected by,
among other things, competition, the ability of the combined
company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; (vi) costs related to the Business
Combination; (vii) changes in applicable law or regulations; (viii)
the outcome of any legal proceedings that may be instituted against
Blaize; (ix) the effects of competition on Blaize’s future
business; (x) the ability of the combined company to issue equity
or equity-linked securities or obtain debt financing; (xi) the
enforceability of Blaize’s intellectual property rights, including
its copyrights, patents, trademarks and trade secrets, and the
potential infringement on the intellectual property rights of
others; and (xii) those factors discussed under the heading “Risk
Factors” in the definitive proxy statement/prospectus filed on
December 6, 2024 by BurTech Acquisition Corp. and other documents
filed, or to be filed, by Blaize Holdings, Inc. with the SEC.
Nothing in this communication should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. Blaize does not
undertake any duty to update these forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250113603613/en/
Media Contact: Leo Merle Blaize info@blaize.com
Mark Roberts The Blueshirt Group for Blaize ir@blaize.com
BurTech Acquisition Corporation Contact: Jaspreet Randhawa Head
of Investments jaspreet@burkhan.world
Roman Livson Chief Financial Officer roman@burkhan.world
BurTech Acquisition (NASDAQ:BRKH)
過去 株価チャート
から 12 2024 まで 1 2025
BurTech Acquisition (NASDAQ:BRKH)
過去 株価チャート
から 1 2024 まで 1 2025
