Blaize Holdings, Inc. (BZAIW) Warrant
Each BZAIW warrant gives the holder the right to buy 1 share of Blaize Holdings, Inc. at $11.50 per share, until January 13, 2030. The stock last closed at $0.48, below the strike, so the warrant is out of the money. Blaize Holdings, Inc. has a market value of about $69.52M. There are 28.75M listed warrants; exercising all of them would add 19.9% to the 144.83M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
BZAI vs strike, last 12 months
No share-price history for BZAI yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2030-01-13
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.57
From the issuer's S-1/A (2025-08-01).
Company and stock
- Company
- Blaize Holdings, Inc.
- Underlying stock
- BZAI
- Share price
- $0.48
- Market cap
- $69.52M
- Shares outstanding
- 144.83M
- Value of all listed warrants
- $2.01M (2.9% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-08-13). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0699
- Price / model
Get Pro to see whether BZAIW is cheap or rich against our model.
Dilution
- Shares outstanding
- 144.83M
- Listed warrants
- 28.75M
- Dilution if all exercised
- 19.9%
Warrant count from filing notes, read by hand (medium): BZAI warrants (legacy BurTech public warrants).
Filings and events
Questions about BZAIW
When does the BZAIW warrant expire?
BZAIW expires on January 13, 2030.
What is the strike price of BZAIW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Blaize Holdings, Inc. redeem the BZAIW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many BZAIW warrants are outstanding?
28.75M listed warrants, equal to 19.9% dilution if all are exercised.