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Blaize Holdings, Inc. (NASDAQ:BZAI) announced Monday that its wholly owned subsidiary, Blaize, Inc., has entered into a Sales Partner Referral Agreement with Burkhan LLC, an affiliate of Burkhan Capital LLC. According to a statement based on a Securities and Exchange Commission filing, the agreement enables Burkhan LLC to promote certain Blaize products and refer potential customers on a non-exclusive basis. The agreement comes at a crucial time for Blaize, which currently has a market capitalization of $239 million and shows promising growth potential, with analysts forecasting 11.42% revenue growth for 2025, according to InvestingPro data.
Under the terms of the agreement, Blaize retains the right to approve or reject any customer opportunities presented by Burkhan LLC. For approved opportunities, commissions payable to Burkhan LLC will be negotiated in good faith and may be paid in cash or, at Blaize’s discretion, partially in company common stock.
The agreement has a three-year term and can be terminated by either party for convenience with 30 days’ written notice, or on five days’ notice in the event of a material breach. The agreement also includes confidentiality and indemnification provisions.
An initial approved customer under the agreement is BurTech Systems Tech LLC, an affiliate of Burkhan Capital. BurTech Systems Tech is set to purchase up to approximately $56.5 million of Blaize products on behalf of an unaffiliated end user, with purchases scheduled to begin in the second quarter of 2025 and continue through 2026. BurTech Systems Tech will receive a financing fee of 2.5% of the total purchase price from the end user. Burkhan LLC, as the sales partner, will receive a commission from Blaize of up to 10%, depending on the company’s gross margins under the purchase order.
The arrangement regarding commissions and any potential issuance of company common stock to Burkhan LLC is exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(a)(2).
The terms of the referral agreement were reviewed and approved by the Audit Committee of Blaize Holdings’ Board of Directors in accordance with the company’s related-party transaction policy.
This information is based on a press release statement contained in a recent SEC filing. For investors seeking deeper insights into Blaize Holdings’ financial position and growth prospects, InvestingPro offers comprehensive analysis through its Pro Research Report, available for over 1,400 US stocks, including detailed metrics, expert analysis, and actionable intelligence for informed investment decisions.
In other recent news, Blaize Holdings, Inc. reported its Q1 2025 earnings, revealing a revenue increase to $1 million from $549,000 in the same quarter last year. Despite this growth, the company faced a significant net loss of $147.6 million, compared to a $16.7 million loss in Q1 2024. The company anticipates Q2 2025 revenue to be between $1.5 million and $1.7 million, with full-year 2025 revenue guidance ranging from $19 million to $50 million. Additionally, Blaize announced a $56 million contract to deploy its edge AI platform across 250,000 surveillance systems in Southeast Asia, with expected initial revenue of $6 million in fiscal 2025. DA Davidson maintained a Buy rating on Blaize with a $10 price target, following the company’s strong quarterly results that exceeded revenue expectations. The firm highlighted Blaize’s growing influence in sectors such as domestic defense and smart-city projects in South Korea. Blaize’s strategic focus on AI market expansion and its ability to convert its deal pipeline into revenue are seen as indicators of potential growth.
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