Backblaze (BLZE) said late Wednesday it plans a $30 million follow-on public offering of its class A common shares.
The company said it expects to grant a 30-day overallotment option to the underwriters to acquire up to $4.5 million of additional shares.
Backblaze shares were down 7.7% in after-hours activity.
Price: 5.75, Change: -0.48, Percent Change: -7.71
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments