SAN MATEO, Calif.–(BUSINESS WIRE)–Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator offering a contemporary various to conventional cloud suppliers, immediately introduced the underwriters of its lately accomplished upsized public providing of shares of its Class A typical inventory (the Widespread Inventory), which closed on November 22, 2024, have exercised in full their choice to buy a further 937,500 shares of Widespread Inventory. The extra shares of Widespread Inventory have been offered at a value to the general public of $5.60, earlier than underwriting reductions. The train of the underwriters’ choice to buy extra shares of Widespread Inventory closed on November 25, 2024 and brings the full web proceeds to Backblaze to $37.5 million, after deducting underwriting reductions and commissions.
Oppenheimer & Co. Inc. and Needham & Firm, LLC acted as joint book-running managers and Craig-Hallum Capital Group LLC acted as co-manager for the providing.
The providing was made pursuant to an efficient shelf registration assertion on Kind S-3 that was filed with the U.S. Securities and Alternate Fee (the SEC) on Could 1, 2024 and declared efficient by the SEC on Could 13, 2024. A prospectus complement and accompanying prospectus referring to and describing the phrases of the proposed providing have been filed with the SEC. When out there, copies of the prospectus complement referring to the providing could also be obtained by contacting: Oppenheimer & Co. Inc., Consideration: Syndicate Prospectus Division, 85 Broad Avenue, twenty sixth Flooring, New York, New York 10004, by phone at (212) 667-8055, or by e mail at EquityProspectus@opco.com; or from Needham & Firm, LLC, Consideration: Prospectus Division, 250 Park Avenue, tenth Flooring, New York, NY 10177, phone: (800) 903-3268, or by emailing prospectus@needhamco.com.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction wherein such supply, solicitation, or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
About Backblaze, Inc.
Backblaze is the cloud storage innovator offering a contemporary various to conventional cloud suppliers. We ship high-performance, safe cloud object storage that clients use to develop functions, handle media, safe backups, construct AI workflows, shield from ransomware, and extra. Backblaze helps companies break away from the walled gardens that conventional suppliers lock clients into, enabling them to make use of their knowledge in open cloud workflows with the suppliers they like at a fraction of the associated fee. Headquartered in San Mateo, CA, Backblaze (NASDAQ: BLZE) was based in 2007 and serves over 500,000 clients in 175 international locations around the globe. For extra info, please go to www.backblaze.com.
Ahead-looking Statements
Apart from historic info, sure statements on this press launch, together with statements concerning the proposed follow-on public providing and the proposed phrases of such providing are forward-looking statements throughout the which means of the Personal Securities Litigation Reform Act of 1995. All statements aside from statements of historic information contained on this press launch, together with statements concerning our future outcomes of operations or monetary situation, enterprise technique and plans and targets of administration for future operations, are forward-looking statements. These statements contain recognized and unknown dangers, uncertainties, and different necessary elements which can be in some instances past our management and should trigger our precise outcomes, efficiency, or achievements to be materially totally different from any future outcomes, efficiency, or achievements expressed or implied by the forward-looking statements and relate to market situations, the flexibility to finish the providing, and the satisfaction of the closing situations associated to the follow-on public providing. The forward-looking statements made on this press launch relate solely to occasions as of the date on which the statements are made. Backblaze undertakes no obligation to replace any forward-looking statements made on this press launch to replicate occasions or circumstances after the date of this press launch or to replicate new info or the incidence of unanticipated occasions, besides as required by legislation. The end result of the occasions described in these forward-looking statements is topic to dangers, uncertainties and different elements described within the part titled Threat Elements part in Backblaze’s efficient shelf registration assertion on Kind S-3 initially filed with the SEC on Could 1, 2024, together with the paperwork integrated by reference therein, together with Backblaze’s Annual Report on Kind 10-Ok for the yr ended December 31, 2023, filed with the SEC on April 1, 2024 and its Quarterly Report on Kind 10-Q for the quarter ended September 30, 2024, filed with the SEC on November 7, 2024.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20241125788867/en/
Buyers Contact:
Mimi Kong
Investor Relations
ir@backblaze.com
Supply: Backblaze, Inc.
