Possible new Backblaze shares
BLZEDilution
Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: ATM.
Shelf room
- Room today not capped by the baby-shelf rule ($240M float, Jun 30, 2025)
How this is worked out
Shelf room on the S-3 of Aug 3, 2026: not limited by the baby-shelf rule, because the $240M public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3 Aug 3, 2026, effective Aug 14, 2026 · public float, as of Jun 30, 2025.
What could become new Backblaze (BLZE) shares: warrants, convertible notes and options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.
Backblaze dilution ladder
Every source of new shares on record, from the filings that created it.
63.2M outstanding; up to 78.9M fully diluted, +25%
- Outstandingas of Oct 26, 2026 (10-Q filed Nov 2) · share count on the cover page63.2M
- +4.2M
- Convertible notesconvert at $21.94, 3.8M shares10-Q Nov 2, 2026 · securities left out of diluted EPS+3.8M
- +7.8M
Not stated in the filings we read: an ATM program.
Counts, sizes and prices as stated in each filing; the fully diluted count is arithmetic on them. Dollars become shares only at a price a filing states. Not advice.
Shares outstanding
63.2M
Feb 2025 to Oct 2026: from 54.3M to 63.2M.
From the share count on the cover of each 10-Q and 10-K, dated as each cover states.
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