The litigation centers on claims brought by Pomerantz LLP, which alleges that Blaize engaged in securities fraud. The scrutiny follows a report published on April 28, 2026, by Pelican Way Research. The short report accused Blaize of manufacturing a partnership with a firm called NeoTensr to artificially boost its market valuation.

According to the report, NeoTensr was an entity only four months old at the time of the deal, with a website featuring products that appeared to be digitally altered to include the Blaize logo. Pelican Way further noted that NeoTensr reportedly held only $2 million in startup capital. Following these revelations, Blaize shares plummeted by 12.04%, closing at $1.90. Investors seeking to participate in the class action may contact Danielle Peyton at Pomerantz LLP to review the complaint and formalize their claims.