03:15 AM EST, 11/21/2024 (MT Newswires) -- Backblaze ( BLZE ) said Thursday it priced an underwritten public offering of about 6.3 million class A common shares at $5.60 per share.

The underwriters have been granted a 30-day option to purchase up to 937,500 additional common shares.

The upsized offering is expected to close on Friday, subject to customary conditions.

Price: 5.75, Change: -0.48, Percent Change: -7.70