Blaize Shares Plunge After Company Prices $35 Million Public Offering
Blaize Holdings Inc. shares dropped 20.6% after the company priced an underwritten public offering of common stock at $1.85 per share. The placement covers 18,918,918 shares for gross proceeds of about $35 million before fees and underwriter discounts, with a 30-day option for underwriters to buy up to 2,837,837 additional shares. The offering is e…