Bess Ventures & Advisory Increases Stake in Blaize Holdings Following Debt Foreclosure

On May 12, 2026, Bess Ventures & Advisory, LLC filed an amended Schedule 13D reporting an increase in its holdings of Blaize Holdings (BZAI). Following a default by the Sponsor (BurTech LP LLC) on certain promissory notes, Bess Ventures foreclosed on 3,500,000 shares of Debtor Collateral Stock on May 8, 2026. This foreclosure resulted in the acquisition of an additional 2,000,000 shares of common stock. Consequently, Bess Ventures now directly holds 12,446,783 shares, representing an 8.7% ownership stake. Lane Bess, as the managing member of Bess Ventures and Chairman of the Board of Blaize Holdings, may be deemed to beneficially own a total of 13,021,985 shares (approximately 9.2% of the class). This aggregate total includes shares held by Bess Ventures, 389,968 shares held by the Destin Huang Irrevocable Trust, and 185,234 shares underlying exercisable stock options. The reporting persons acquired these securities for investment purposes and may engage in further transactions or strategic discussions with management depending on market conditions.