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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Backblaze, Inc. - BLZE

1. Pomerantz LLP investigates claims against Backblaze for potential securities fraud. 2. Morpheus Research accuses Backblaze of failing to disclose key financial metrics. 3. Backblaze's stock price fell sharply following Morpheus's negative report. 4. The investigation may impact investor confidence and stock performance. 5. Investors can join the class action regarding these allegations.

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FAQ

Why Very Bearish?

Negative reports and ongoing investigations typically lead to significant price drops. Historical instances have shown that companies embroiled in fraud investigations can see their stock prices decline sharply.

How important is it?

Forthcoming legal issues and financial transparency concerns can significantly form investor sentiments and interactions with BLZE's market performance.

Why Short Term?

Immediate concerns from potential fraud allegations are likely to affect stock price quickly. Investors often react swiftly to news of legal investigations.

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NASDAQ: BLZE
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Backblaze, Inc. ("Backblaze" or the "Company") (NASDAQ: BLZE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Backblaze and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On April 24, 2025, Morpheus Research ("Morpheus") published a short report accusing Backblaze of "fail[ing] to consistently disclose key metrics" and using "[i]mproper capitalization of expenses," describing the Company's leadership as "lacking in transparency and willing to take aggressive and possibly illegal steps to create an illusion of financial performance to support their own exit liquidity." Following publication of the Morpheus report, Backblaze's stock price fell sharply during intraday trading, damaging investors. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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