Backblaze prices upsized $175M convertible notes offering at 0.00%
Backblaze, a storage platform serving AI and data-intensive workloads, has announced the pricing of $175 million in convertible senior notes due 2031. The offering, which was increased from the initially announced $150 million, is a private offering aimed at qualified institutional buyers under the Securities Act of 1933. The initial purchasers of the notes have been granted the option to buy up to an additional $26.25 million, with the sale expected to close on August 24, 2026.
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