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

1. Pomerantz LLP is investigating claims against Backblaze regarding securities fraud. 2. Morpheus Research accused Backblaze of failing to disclose key metrics. 3. Backblaze's stock fell sharply following the Morpheus report release. 4. The firm has a strong reputation in securities class litigation. 5. Investors are encouraged to contact Pomerantz about potential claims.

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FAQ

Why Very Bearish?

Investigations and allegations of fraud typically lead to stock price declines, as seen in prior cases like Enron.

How important is it?

Investigation into fraud signifies potential legal actions affecting investor confidence and stock performance.

Why Short Term?

Immediate investor reactions to allegations often lead to swift stock price impacts, as evidenced in past securities fraud cases.

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BLZEENRNGSAT
NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- 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 newaction@pomlaw.com 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 LLPdpeyton@pomlaw.com646-581-9980 ext. 7980

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