Blaize Announces Preferred Stock Distribution to Common Holders
Blaize said its board declared a dividend of one one-thousandth of a share of Series B preferred stock for each share of common stock, intended to facilitate a reverse stock split if necessary.
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11:32:58 PM UTC
SquawkNews
Blaize declared a dividend of one 1/1000th share of Series B Preferred per common share, each with 1,000 votes, to vote solely on a potential reverse stock split and related adjournment. Unvoted shares auto-redeem; remaining will be redeemed after the vote.Material DetailsContext by AI AnalystThis…