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BACKBLAZE ALERT: Bragar Eagel & Squire, P.C. is Investigating Backblaze, Inc. on Behalf of Backblaze Stockholders and Encourages Investors to Contact the Firm

1. Bragar Eagel & Squire investigates potential claims against Backblaze. 2. Claims involve alleged violations of federal securities laws. 3. Morpheus Research reported financial missteps affecting Backblaze's stock performance. 4. Allegations include questionable accounting practices since IPO in November 2021. 5. Backblaze's stock dropped significantly following the negative report.

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Why Bearish?

The article highlights serious allegations that can undermine investor confidence. Historical cases show that similar reports often lead to sustained stock declines.

How important is it?

The allegations could lead to significant volatility and investor loss, impacting stock valuation.

Why Short Term?

Negative sentiment likely to persist as legal investigations unfold, impacting stock price in the immediate future.

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BLZE
NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Backblaze, Inc. (“Backblaze” or the “Company”) (NASDAQ:BLZE) on behalf of Backblaze stockholders. Our investigation concerns whether Backblaze has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On April 24, 2024, Investing.com issued an article entitled, "Backblaze stock plunges amid Morpheus Research report." This article stated that Backblaze "saw its shares plummet" due to a "scathing short report from Morpheus Research. The report detailed a series of alleged financial missteps and questionable practices since the company's initial public offering (IPO) in November 2021." The article also noted that Morpheus's report "highlights questionable accounting practices, including financial manipulations and inflated forecasts to pass audit thresholds." Following this news, Backblaze stock dropped during intraday trading on April 24, 2025. If you purchased or otherwise acquired Backblaze shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

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