Backblaze Announces Pricing of Upsized $35 Million Follow-On Offering
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Backblaze, Inc. (Nasdaq: BLZE) has announced the pricing of its upsized public offering of 6,250,000 shares at $5.60 per share, expected to close on November 22, 2024.
November 21, 2024 | 7:15 am
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Backblaze has announced an upsized public offering of 6,250,000 shares at $5.60 per share, with the closing expected on November 22, 2024.
The announcement of an upsized public offering typically leads to a short-term decrease in stock price due to dilution of existing shares. The offering price of $5.60 per share may also set a near-term price ceiling.
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