other material
confidence high
sentiment neutral
materiality 0.75
Backblaze prices upsized $35M follow-on offering of 6.25M shares at $5.60
Backblaze, Inc.
- Gross proceeds ~$35M from 6,250,000 shares at $5.60; underwriters have 30-day option for additional 937,500 shares.
- Offering upsized from initial $30M; closed November 22, 2024.
- Joint book-running managers: Oppenheimer & Co. and Needham & Company; co-manager Craig-Hallum.
- Shares issued under existing S-3 shelf registration statement filed May 1, 2024.