Backblaze Pricing Upsized $35 Million Follow-On Offering

Backblaze, Inc. announced the pricing of its upsized underwritten public offering of 6,250,000 shares of its class A common stock at a price to the public of $5.60 per share. Closing of the offering is expected to occur on November 22, 2024, subject to customary closing conditions. In addition, The company has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the public offering price less the underwriting discounts.

Oppenheimer & Co. Inc. and Needham & Company, LLC are acting as joint book-running managers and Craig-Hallum Capital Group LLC is acting as co-manager for the offering.