other
confidence high
sentiment positive
materiality 0.50
Backblaze IPO underwriters exercise over-allotment for 937,500 additional shares
Backblaze, Inc.
- Underwriters exercised option to purchase 937,500 shares of Class A common stock to cover over-allotments.
- Over-allotment closed Nov 17, 2021; additional gross proceeds of approximately $15.0 million.
- Total IPO shares increased to 7,187,500; total gross proceeds now approximately $115.0 million.
- Proceeds net of underwriting discounts and commissions and other offering expenses.