Robbins LLP said a securities class action has been filed on behalf of investors who purchased or acquired Blaize Holdings, Inc. securities between July 18, 2025, and April 28, 2026, alleging the company made materially false or misleading statements about its business, operations and financial condition. The complaint alleges Blaize announced transactions with entities unable to conduct meaningful business to create an appearance of growth and improperly recognized revenue. The allegations followed an April 28, 2026 Pelican Way Research report questioning Blaize's agreement with NeoTensr, which Blaize had said could generate up to $50 million in revenue. Blaize shares fell more than 12% to close at $1.90 that day, according to the complaint. Investors seeking to lead the proposed class must apply by October 5, 2026, though participation in any potential recovery does not require serving as lead plaintiff. The claims remain allegations and have not been established in court.