Backblaze prices upsized USD 175 million convertible senior notes offering due 2031
- Backblaze priced an upsized USD 175 million offering of 0.00% Convertible Senior Notes due 2031.
- Initial purchasers received an option for up to an additional USD 26.25 million of notes within 13 days of issuance.
- Offering size raised from USD 150 million; closing expected Aug. 24, 2026.
- Net proceeds estimated at about USD 167.2 million, or about USD 192.7 million if the option is fully exercised.
- Proceeds earmarked for capped call costs of about USD 15.2 million, with the balance for general corporate purposes, including capital expenditures.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Backblaze Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260819646189) on August 20, 2026, and is solely responsible for the information contained therein.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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