Backblaze prices upsize $35M follow-on offering at $5.60

featured-image

Backblaze ( NASDAQ: BLZE ) has priced its upsized public offering of $35M by issuance of 6.25M shares of Class A common stock ( from $30M ) at $5.60/share.

Underwriters' over-allotment is an additional 937.5K shares. The closing date is November 22.



BLZE -7.70% after hours to $5.75 on Wednesday.

More on Backblaze Backblaze: Cloud Storage Momentum Fuels Upside Potential Backblaze: High Growth Software Stock Trading For Peanuts Seeking Alpha’s Quant Rating on Backblaze Historical earnings data for Backblaze.