The law firm said two reports questioned Blaize Holdings’ customer agreements, including a NeoTensr deal the company had said could generate up to $50.0 million in revenue.
Johnson Fistel, PLLP said it is investigating Blaize Holdings, Inc. on behalf of investors who suffered losses and whether those losses may be recoverable under federal securities laws. The probe follows two short-seller reports published in late April 2026 within two days of each other that raised concerns about Blaize’s customer agreements and business dealings. One report alleged Blaize had “artificially boosted [its] share price by engaging in a bogus deal with a 4-month-old counterparty whose website features ‘products’ that appear to be photoshopped to add the Blaize logo,” focusing on the company’s announced agreement with NeoTensr, which Blaize had said was expected to generate up to $50.0 million in revenue. A second report published shortly afterward called Blaize a fraud and raised additional concerns about prior customer agreements. Blaize’s stock price declined sharply after the reports, according to the release. Johnson Fistel is encouraging investors who purchased Blaize securities and suffered losses to contact the firm about the investigation.