secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0001462056-24-000067
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000146205624000067/0001462056-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000146205624000067/blze-20241210.htm
  HTML page:      https://secwatch.observer/filing/0001462056-24-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer