Backblaze Prices $35 Million Stock Offering

MT Newswires Live2024-11-21

Backblaze (BLZE) said Thursday it priced an underwritten public offering of about 6.3 million class A common shares at $5.60 per share.

The underwriters have been granted a 30-day option to purchase up to 937,500 additional common shares.

The upsized offering is expected to close on Friday, subject to customary conditions.

Price: 5.75, Change: -0.48, Percent Change: -7.70

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