Blaize Holdings Gets Nasdaq Notice Over Sub-$1 Stock Price

What happened

Blaize Holdings, Inc. said in a Form 8-K filed October 2, 2026 that it received a letter dated September 28, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC. The letter states that the closing bid price of Blaize's common stock was below $1.00 per share for the last 30 consecutive business days, so the company is not currently in compliance with the minimum closing bid price required for continued listing on the Nasdaq Global Market under Rule 5450(a)(1).

Blaize's common stock continues to trade on the Nasdaq Global Market under the symbol BZAI while the company works to regain compliance, the filing says, subject to meeting other Nasdaq listing requirements.

According to the filing, Blaize has 180 calendar days from September 25, 2026 — until March 29, 2027 — to regain compliance. If the closing bid price is at least $1.00 for a minimum of ten consecutive business days at any point in that window, Nasdaq will confirm compliance in writing and close the matter, unless Nasdaq staff exercises discretion to extend the ten-day period under Rule 5810(c)(3)(H).

The company said it intends to monitor its closing bid price and assess options to regain compliance. It also stated that it may not regain compliance during the 180-day period, may not secure a second 180-day period, and may not maintain compliance with other Nasdaq listing requirements.

The company

Blaize Holdings is listed under the SEC's Semiconductors & Related Devices classification and is based in San Jose, California. Its common stock trades on the Nasdaq Global Market under BZAI. The same exchange also lists its warrants, which trade under BZAIW, and its Preferred Stock Purchase Rights. A warrant is a security that gives the holder the right — not the obligation — to buy a share at a set price; Blaize's are exercisable for one share of common stock at $11.50 per share.

What this means

A Form 8-K is a "current report." Public companies file one when something material happens between their quarterly and annual reports, rather than waiting for the next scheduled filing. Item 3.01 is the specific slot reserved for notice of a delisting or a failure to satisfy a continued listing rule. So this filing is not the delisting itself; it is the company telling investors that it has been warned about one condition.

The condition here is the minimum bid price rule. Nasdaq requires that a listed stock close at $1.00 or more. If it stays below that level, the stock becomes harder to trade and is ultimately removed from the exchange. The threshold is about the price of a single share, not the total value of the company. A company can be large and still trip the rule if its share price falls below a dollar, and a company with a low share price can fix the problem through a reverse stock split — combining several existing shares into one — which raises the price per share without changing the value an investor holds.

Nasdaq does not delist a company the day it falls below $1.00. Rule 5810(c)(3)(A) builds in a grace period, which in this case runs 180 calendar days from September 25, 2026 to March 29, 2027. The clock started before the letter was written because it is measured from the 30 trading days that already elapsed below $1.00. Regaining compliance does not require staying above $1.00 continuously for six months. Under the rule as described in the filing, ten consecutive business days above $1.00 is enough for Nasdaq to confirm compliance, though staff can extend that window.

If the first 180 days run out, the rule provides a possible second 180-day period — but only if the company applies to move its listing from the Nasdaq Global Market to the Nasdaq Capital Market, a tier with somewhat different standards. To qualify, the company must meet the Capital Market's market value of publicly-held shares requirement and all other initial listing standards except the minimum bid price, and it must notify Nasdaq of its intent to cure the deficiency. The filing describes this as an available path, not a guaranteed one.

The filing does not say why the stock has been trading below $1.00. It describes the notice, the rule, the deadline, and the company's stated intention to monitor the price and review its options, and it warns in its own forward-looking statements section that it may not succeed. The filing gives no specific remedy the company has decided to pursue. What happens next, in the ordinary course of this rule, is that the company either trades back above $1.00 for the required stretch, applies to move to the Capital Market for a second window, or is delisted if neither happens.

Price data

Blaize common stock closed at $0.48 on the event date, up 3.45% from the previous close of $0.464, according to the price data reviewed. That closing price remains below the $1.00 threshold in the notice. The price and volume data reviewed for this article show no information about why the shares have traded at that level.