SCHEDULE 13G: Rizvi Traverse Entities Disclose Beneficial Ownership in Newly Formed Blaize Holdings Following Business Combination

Rizvi Traverse CI Manager, LLC and Suhail Rizvi have filed a Schedule 13G detailing their beneficial ownership in Blaize Holdings, Inc. following the business combination of BurTech Acquisition Corp. and Blaize, Inc.

Summary

• BurTech Acquisition Corp. and Blaize, Inc. completed their business combination on January 13, 2025, forming the combined entity Blaize Holdings, Inc.
• Immediately following the business combination, the RT Funds, managed by Rizvi Traverse CI Manager, LLC (RTCIM), collectively held 5,439,433 shares of Blaize Holdings' common stock, representing 5.35% of the issued and outstanding shares.
• The RT Funds' initial holdings were distributed among RT-AI II, LLC (1,211,952 shares), RT-AI III, LLC (842,890 shares), RT-AI IV, LLC (2,548,556 shares), and RT AI-V, LLC (836,035 shares).
• Subsequent to January 13, 2025, and prior to the Schedule 13G filing, all shares held by the RT Funds were distributed pro-rata to their investors, resulting in the RT Funds currently holding no shares.
• Suhail Rizvi, as manager of Rizvi Master LLC, beneficially owns 2,991,908 shares of Blaize Holdings' common stock, which represents 2.95% of the class.
• The percentage ownership calculations are based on 101,588,967 shares of Blaize Holdings' common stock issued and outstanding as of January 13, 2025, as reported in the Issuer's Form 8-K filed on January 17, 2025.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not convey positive, negative, or unexpected operational or financial results. It is a routine regulatory filing.

Future Outlook

This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's operations or financial performance.

Industry Context

This filing is a routine disclosure of beneficial ownership following a corporate transaction (business combination) and subsequent share distribution. It does not provide information on broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The pro-rata distribution of shares from RT Funds to their investors indicates a broader distribution of ownership for those specific shares, potentially increasing liquidity for those individual investors.

Key Dates

Keywords

Blaize Holdings Inc., SEC filing, Schedule 13G, beneficial ownership, Rizvi Traverse CI Manager LLC, Suhail Rizvi, BurTech Acquisition Corp., business combination, common stock, ownership disclosure