Backblaze completes conversion of all Class B shares into Class A, eliminating dual-class structure

Backblaze, Inc.

Class B holders approved conversion; all ~11.2M Class B shares convert to Class A effective July 6, 2023.
Post-conversion, each former Class B share carries one vote instead of ten; economic interests unchanged.
Certificate of Retirement filed July 7 to retire converted Class B shares, reducing total authorized shares.
Class A stock continues trading as BLZE on Nasdaq; no change to CUSIP.

item 3.03 item 5.07 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Backblaze, Inc.: Retired shares of Class B common stock via Certificate of Retirement (effective 2023-07-07).

Change: charter amendment
Effective: 2023-07-07

Exact text from the filing

on July 7, 2023 , the Company filed the Certificate of Retirement with the Secretary of State of the State of Delaware to retire the shares of Class B common stock that were issued but no longer outstanding following the conversion.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Backblaze, Inc. shareholders approved Approval of the conversion of all outstanding shares of Class B common stock into the same number of shares of Class A common stock.

Outcome: passed

Exact text from the filing

the holders of a majority of the Company’s outstanding shares of Class B common stock (the “Class B Majority”) approved the conversion of all outstanding shares of Class B common stock into the same number of shares of the Company’s Class A common stock

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84 governance changes filed in the last 30 days. Browse all governance changes →

Backblaze, Inc. filing history →

Source: SEC EDGAR

accession 0001462056-23-000173

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