SCHEDULE: Boothbay Funds Report 0% Stake in Blaize Holdings

Sentiment:

Schedule 13G Amendment


Boothbay Fund Management LLC and related entities have filed an amended Schedule 13G, reporting zero beneficial ownership in Blaize Holdings, Inc. Common Stock.

Worse than expectedThe reporting entities, Boothbay Fund Management LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass, have reduced their beneficial ownership in Blaize Holdings, Inc. to 0%. This indicates a complete exit or significant reduction from a prior position, which can be viewed negatively by the market for the issuer.

Summary

  • Boothbay Fund Management LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass now report 0% beneficial ownership of Blaize Holdings, Inc. Common Stock.
  • This filing is an Amendment No. 1 to a Schedule 13G, indicating a change from a previous filing where beneficial ownership was likely greater than 0%.
  • The shares were previously held by one or more private funds (the 'Funds') managed by Boothbay Fund Management, LLC.
  • Ari Glass is identified as the Managing Member of Boothbay Fund Management, LLC.
  • Subadvisors were delegated authority to act on behalf of the Funds, including sole authority to vote and direct the disposition of certain shares.
  • The reporting persons disclaim beneficial ownership of any securities reported, except to the extent of their pecuniary interest in Units where a Subadvisor has sole investment and voting discretion and the delegation cannot be terminated within sixty days.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative for the issuer, Blaize Holdings, Inc., due to the complete divestment by an institutional investor. However, the filing itself is a factual report of ownership change, not a performance report, hence not extremely negative.

Negatives

  • The reduction of beneficial ownership to 0% by Boothbay Fund Management and its affiliates could be perceived as a negative signal for Blaize Holdings, Inc., suggesting a complete divestment or significant reduction of a prior institutional stake.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Blaize Holdings, Inc.'s future performance or operations.

Management Comments

  • Ari Glass, Managing Member of Boothbay Fund Management, LLC, signed the filing on behalf of all reporting persons.

Industry Context

This filing reflects a specific institutional investor's change in ownership stake and does not provide broader industry trends or competitive analysis.

Stakeholder Impact

  • Shareholders of Blaize Holdings, Inc. may react negatively to the news of an institutional investor reducing its stake to zero, potentially impacting share price and investor confidence.

Key Dates

DateDescription
09/30/2025Date of event which requires filing of this statement
11/14/2025Signature date for Boothbay Fund Management LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass

Keywords

Blaize Holdings Inc, Boothbay Fund Management, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Divestment, Investment Management

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