Backblaze, Inc. issued $201.25 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 on August 24, 2026, including the full exercise of a $26.25 million over-allotment option. The notes carry an initial conversion price of approximately $21.94 per share and mature on August 15, 2031. Backblaze entered into capped call transactions with a cap price of $33.76 per share to mitigate potential dilution at a cost of approximately $17.5 million. Concurrently, the company amended its credit agreement with Citizens Bank, increasing revolving borrowing capacity from $20 million to $50 million and extending maturity to April 30, 2030. Backblaze operates in the technology industry as an object storage platform powering AI infrastructure and data-intensive workloads.

Backblaze, Inc. announced on August 18, 2026, its intention to offer $150 million in aggregate principal amount of Convertible Senior Notes due 2031 via a private placement to qualified institutional buyers under Rule 144A. The company may grant an option for purchasers to buy up to an additional $22.5 million of notes. Proceeds will fund capped call transactions and general corporate purposes, including capital expenditures. Concurrently, Backblaze entered into a Fourth Amendment to its credit agreement with Citizens Bank to permit the offering and plans a Fifth Amendment to increase revolving borrowing capacity from $20 million to $50 million, extend maturity to April 30, 2030, and modify financial covenants. Backblaze operates in the technology industry, providing object storage infrastructure for AI and data-intensive workloads.

Backblaze, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Total revenue increased 18% year-over-year to $42.7 million, driven by a 34% surge in B2 Cloud Storage revenue to $26.6 million, while Computer Backup revenue declined 2% to $16.1 million. The company achieved an Adjusted EBITDA of $12.8 million with a 30% margin, compared to $6.6 million in the prior year period. Backblaze signed a five-year, $335 million strategic agreement with CoreWeave for multi-exabyte object storage capacity, which includes warrants valued at approximately $22 million. Annual recurring revenue (ARR) grew 21% to $177.3 million, and remaining performance obligations (RPO) reached $396 million. Management raised full-year 2026 revenue guidance to a range of $172.0 million to $174.0 million from the previous estimate of $161.5 million to $163.5 million, and expects Q3 2026 revenue between $44.4 million and $44.8 million. Backblaze operates in the cloud storage and data management industry, providing object storage solutions for AI infrastructure and consumer backup services.

Backblaze, Inc. amended its existing credit agreement with Citizens Bank, N.A. on June 30, 2026. The amendment modifies a negative covenant to increase the permitted indebtedness threshold for capitalized lease transactions, allowing for up to $150 million in outstanding capital leases. Backblaze, Inc. is a technology company providing cloud storage and data protection services.

Backblaze, Inc. entered into a Master Strategic Agreement with CoreWeave, Inc. effective June 16, 2026, with an estimated total contract value of approximately $335 million over five and seven-year terms. The agreement includes the provision of cloud object storage capacity via the B2 Cloud Storage platform and managed storage solutions. As part of the transaction, Backblaze issued two common stock purchase warrants to CoreWeave, Inc. to purchase a total of 4,194,876 shares of common stock at an exercise price of $7.60 per share. Backblaze, Inc. operates in the cloud storage and data center services industry.