# Backblaze, Inc. (BLZE) — capital_raise/private_placement [announced]
Source: sec.gov · situation sit_3f8a28cf5262de83ef63 · public 6596902723037595628 · retrieved 2026-08-20T12:34:52.541Z

## Overview
Backblaze is the object storage layer powering AI infrastructure and data-intensive workloads at scale, serving more than 500,000 customers across 175 countries.

Backblaze, Inc. announced on August 18, 2026 its intention to offer $150 million aggregate principal amount of Convertible Senior Notes due 2031 in a private placement to qualified institutional buyers pursuant to Rule 144A. The company also expects to grant initial purchasers a 13-day option to purchase up to an additional $22.5 million aggregate principal amount of the Notes to cover over-allotments. The Notes will be senior, unsecured obligations convertible into cash, shares of Backblaze's Class A common stock, or a combination thereof, at the company's election. Backblaze intends to use a portion of net proceeds to fund capped call transactions and the remainder for general corporate purposes, including capital expenditures.

## Terms
- Counterparty: Qualified institutional buyers (Rule 144A) · Deal value: $150.0M · Consideration: mixed

## Key dates
- Announced 2026-08-18

## Timeline
- 2026-08-18 · 8-K (0001140361-26-033612): 8-K - Backblaze, Inc. — *Backblaze is the object storage layer powering AI infrastructure and data-intensive workloads at scale, serving more than 500,000 customers across 175 countries.* Backblaze, Inc. announced on August 18, 2026 its intention to offer $150 million aggregate principal amount of Convertible Senior Notes due 2031 in a private placement to qualified institutional buyers pursuant to Rule 144A. The company also expects to grant initial purchasers a 13-day option to purchase up to an additional $22.5 million aggregate principal amount of the Notes to cover over-allotments. The Notes will be senior, unsecured obligations convertible into cash, shares of Backblaze's Class A common stock, or a combination thereof, at the company's election. Backblaze intends to use a portion of net proceeds to fund capped call transactions and the remainder for general corporate purposes, including capital expenditures.
  https://www.sec.gov/Archives/edgar/data/1462056/0001140361-26-033612.txt

## Citations
- 0001140361-26-033612 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126033612