---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-034200"
form_type: "8-K"
ticker: "BLZE"
cik: "0001462056"
company_name: "Backblaze, Inc."
filed_at: "2026-08-24T20:43:39+00:00"
generated_at: "2026-08-24T20:45:17.986360+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Backblaze issues $201.25M 0% convertible notes due 2031 at 30% premium

## Summary
- $201.25M of 0% Convertible Senior Notes due Aug 15, 2031 issued Aug 24, 2026; net proceeds ~$167M.
- Initial conversion price ~$21.94/share (45.5705 shares per $1,000), 30% premium over $16.88 close.
- Capped call transactions cost ~$17.5M; cap price $33.76/share, 100% premium over $16.88.
- Fifth Amendment raised revolver capacity from $20M to $50M and extended maturity to Apr 30, 2030.
- Notes non-callable until Aug 20, 2029; proceeds for capex and general corporate purposes.

## SEC filing metadata
- accession: 0001140361-26-034200
- form_type: 8-K
- ticker: BLZE
- cik: 0001462056
- company_name: Backblaze, Inc.
- filed_at: 2026-08-24T20:43:39+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462056/000114036126034200/0001140361-26-034200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462056/000114036126034200/ef20080933_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-034200
- JSON: https://secwatch.observer/filing/0001140361-26-034200.json
- Plain text: https://secwatch.observer/filing/0001140361-26-034200.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.