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

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by Backblaze, Inc. following a critical report from Morpheus Research that accused the company of failing to disclose key metrics and improper financial practices [1][2]. Group 1: Investigation and Allegations - Pomerantz LLP is representing investors of Backblaze, Inc. in an investigation regarding possible securities fraud and misconduct by the company's officers and directors [1]. - Morpheus Research published a report on April 24, 2025, alleging that Backblaze did not consistently disclose important financial metrics and engaged in improper capitalization of expenses [2]. - The report characterized Backblaze's leadership as lacking transparency and suggested that they may have taken aggressive and potentially illegal actions to create a misleading financial performance [2]. Group 2: Market Impact - Following the release of the Morpheus report, Backblaze's stock price experienced a significant decline during intraday trading, negatively impacting investors [2].