Backblaze Announces Pricing of Upsized $175 Million Convertible Senior Notes Offering

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SAN FRANCISCO — Backblaze, Inc. (Nasdaq: BLZE), the storage platform powering AI and data-intensive workloads, today announced the pricing of $175 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 (the “Notes”) in a private offering (the “Offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased from the previously announced offering of $150 million aggregate principal amount of Notes. Backblaze also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 calendar days from, and including, the date the Notes are first issued, up to an additional $26.25 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to close on August 24, 2026. Read More

Trump’s 50% tariffs are on pause: Here’s where things stand on a potential trade deal

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United States President Donald Trump announced late Tuesday night that Canada and the U.S. had reached a tentative trade deal and that he was hitting pause on the new 50 per cent tariffs for three days to allow for sides to finalize the documentation. U.S. Trade Representative Jamieson Greer congratulated Trump shortly after and said the deal had several provisions that protect American and Canadian workers and partners. But Prime Minister Mark Carney sounded a little more cautious. The Financial Post dives into what that might mean for Canada. Read More