Backblaze Inc. Investigated by Federman & Sherwood

Oklahoma City, Oklahoma (May 1, 2025) – The law firm of Federman & Sherwood has initiated an investigation into potential securities claims on behalf of shareholders of Backblaze Inc. (NASDAW: BLZE) resulting from allegations that Backblaze Inc. may have issued materially misleading business information to the investing public and/or engaged in other unlawful business practices.

On April 24, 2025, 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 us by email at info@federmanlaw.com or visit our firm’s website at www.federmanlaw.com.

FEDERMAN & SHERWOOD

(405) 235-1560