secwatch.observer — SEC 8-K summary
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Issuer:     Backblaze, Inc. (BLZE)
CIK:        0001462056
Form:       8-K
Filed at:   2026-06-23T12:28:16+00:00
Accession:  0001628280-26-044804
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Backblaze signs $335M multi-exabyte storage deal with CoreWeave, grants warrants
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- Total contract value ~$335M over initial 5- and 7-year order forms for cloud storage services.
- Backblaze issues warrants to CoreWeave for 4,194,876 shares at $7.60 exercise price.
- Initial warrant vests quarterly over 5 years; additional warrant vests based on storage capacity contracted.
- Deal positions Backblaze as key storage provider for AI workloads, leveraging HDD-based tiers in CoreWeave's AI Object Storage.
- CoreWeave customers gain immediate access to new service tiers without code modifications.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462056/000162828026044804/0001628280-26-044804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462056/000162828026044804/blze-20260616.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-044804

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