Backblaze terminates credit facility with City National Bank after paying down balance

Backblaze, Inc.

Voluntarily terminated Loan and Security Agreement with City National Bank on December 10, 2024.
Revolving line of credit was 100% collateralized by cash; no amounts outstanding at termination.
Balance fully paid down after November 2024 follow-on public offering raised ~$37.5M net proceeds.

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