WHERE YOU CAN FIND ADDITIONAL INFORMATION FEDERAL INCOME TAX CONSEQUENCES FOR NON-U.S. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSĬERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS See “Prospectus Summary-Implications of Being an Emerging Growth Company.” Investing in the common stock involves risks that are described in the ‘‘ Risk Factors’’ section beginning on page 20 of this prospectus. We are an “emerging growth company” as defined under the federal securities laws and, as such, have elected to comply with certain reduced reporting requirements for this prospectus and may elect to do so in future filings. The holders of our outstanding shares of Class B common stock will hold approximately 97% of the voting power of our outstanding capital stock immediately following this offering, and our founders, directors, executive officers and greater than 5% stockholders and their respective affiliates as a group will hold, or have the ability to control, approximately 80% of the voting power of our outstanding capital stock immediately following this offering. See the section titled “Description of Capital Stock” herein for additional information on our capital stock. Each share of Class B common stock is entitled to ten votes and is convertible at any time into one share of Class A common stock.
Each share of Class A common stock is entitled to one vote. The rights of the holders of Class A common stock and Class B common stock are identical, except for voting, transfer, and conversion rights.
We have two classes of common stock, Class A common stock and Class B common stock. After pricing of the offering, we expect that the shares will trade on the NASDAQ Global Market under the symbol “ BLZE.” Currently, no public market exists for our Class A common stock. We expect the public offering price to be between $15.00 and $17.00 per share. We are selling 6,250,000 shares of our Class A common stock. This is Backblaze, Inc.’s initial public offering.
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company.
#Backblaze ipo worth it registration#
If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.
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