Blaize Holdings, Inc. received a notice from The Nasdaq Stock Market LLC on September 28, 2026, stating that its common stock is not in compliance with the exchange's minimum bid price requirement. The notice was issued because the closing bid price for the company's shares fell below $1.00 per share for the last 30 consecutive business days. This violation of Nasdaq Listing Rule 5450(a)(1) places the company at risk of delisting if it cannot restore its share price to the required level.
The company's common stock, which trades under the symbol BZAI on the Nasdaq Global Market, will continue to trade as usual for now. Blaize Holdings has 180 calendar days, or until March 29, 2027, to regain compliance with the minimum bid price requirement. To be considered compliant during this grace period, the closing bid price must be at least $1.00 per share for a minimum of ten consecutive business days. If this threshold is met, Nasdaq will provide written confirmation that the matter is closed.
If Blaize Holdings fails to regain compliance within the initial 180-day period, it may apply for a second 180-day extension. This option requires the company to transfer its listing to the Nasdaq Capital Market and meet that market's continued listing standards, excluding the minimum bid price requirement. The company must also meet the market value of publicly held shares standard based on its most recent public filings and market information.
Management stated that the company intends to monitor the closing bid price and assess potential actions to regain compliance. However, the filing includes a caution that Blaize Holdings may not regain compliance during the allotted time, secure a second period, or maintain compliance with other Nasdaq listing requirements. The company noted that it is reviewing all available options but did not specify which actions it would take.
The notice references Blaize Holdings' status as an emerging growth company and its incorporation in Delaware. The company's principal executive offices are located at 2890 Zanker Road, Suite 107 in San Jose, California. The filing was submitted to the U.S. Securities and Exchange Commission as a Current Report on Form 8-K. Risk factors associated with these forward-looking statements are detailed in the company's annual report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on March 24, 2026, and amended on April 30, 2026.