Sphere 3D Announces Pricing of $192.1 Million Registered Direct Offering Priced At-the-Market to Help Secure the Initial Order of 60,000 Miners
Toronto, Ontario--(Newsfile Corp. - September 3, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today that it has entered into a securities purchase agreement with institutional investors to purchase $192.1 million of its common shares and warrants in a registered direct offering priced at-the-market under Nasdaq rules. The combined purchase price for one common share and one-half warrant to purchase one common share is $8.50. Under the terms of the agreement, Sphere 3D has agreed...
2021-09-03 2:21 AM EDT
Sphere 3D Sponsored SPAC - Minority Equality Opportunities Acquisition Inc., Closes Upsized $126.5 Million IPO, Including Full Exercise of the Overallotment Option
Toronto, Ontario--(Newsfile Corp. - August 30, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, today reports Minority Equality Opportunities Acquisition Inc. ("Minority Equality" ), a company that Sphere 3D has an indirect interest in, closed its upsized initial public offering (the "IPO").Minority Equality is a newly organized blank check company incorporated as a Delaware company and led by Chairman and CEO Shawn D. Rochester. Today Minority Equality...
2021-08-30 6:52 PM EDT
Sphere 3D Sponsored SPAC - Minority Equality Opportunities Acquisition Inc., Announces Pricing of Upsized $110.0 Million Initial Public Offering
Toronto, Ontario--(Newsfile Corp. - August 26, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, today reports that Minority Equality Opportunities Acquisition Inc. ("Minority Equality"), a company that Sphere 3D has an indirect interest in, announced the pricing of their initial public offering of 11,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one share of Class A common stock and one...
2021-08-26 8:35 AM EDT
Gryphon and Sphere Announce MSA and Agreement to Purchase Additional Carbon Offset Credits Bringing Total to Half a Million Credits
Gryphon and Sphere 3D have entered into a Master Services Agreement that allows Sphere to leverage the Gryphon world class team to support the additional crypto mining equipment being purchased directly by SphereThe Carbon credits agreement is to clean an additional 250,000 tons of carbon from the atmosphere and is in addition to the previous agreements signed by the parties Toronto, Ontario--(Newsfile Corp. - August 20, 2021) - Gryphon Digital Mining ("Gryphon") and Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D") today...
2021-08-20 7:00 AM EDT
Sphere 3D Reports Second Quarter Fiscal Year 2021 Financial Results
Toronto, Ontario--(Newsfile Corp. - August 16, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its second quarter ended June 30, 2021. Second Quarter 2021 Financial Results:Our results for second quarter 2021 were as follows:Revenue was $0.9 million in the both the second quarters of 2021 and 2020.Gross margin for second quarter of 2021 was 43.7%, compared to 49.6% for the second quarter...
2021-08-16 5:07 PM EDT
Sphere 3D Announces Agreement to Acquire Exclusive Rights for Assignment of Cryptocurrency Mining Assets
Toronto, Ontario--(Newsfile Corp. - August 5, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a company delivering containerization, virtualization, and data management solutions, announces it has entered into an agreement (the "Agreement") with Hertford Advisors Ltd. ("Hertford"), a privately-held company that provides turnkey mining solutions, to provide a six month exclusive right to assume all of Hertford's rights to a number of bitcoin mining agreements (the "Bitcoin Agreements").The Company has successfully assumed and executed the first...
2021-08-05 4:34 PM EDT
Gryphon Digital Mining and Sphere 3D Corp Announce Agreement to Purchase 250,000 Carbon Offset Credits
Miami, Florida--(Newsfile Corp. - June 9, 2021) - Gryphon Digital Mining and Sphere 3D (NASDAQ: ANY), which recently entered into an Agreement and Plan of Merger, today announced that they have entered into an agreement to purchase 250,000 Certified Emission Reductions ("CERs" or "Credits"), with each company purchasing 125,000 credits, subject to closing conditions (as further defined below). These credits will not only support ESG commitments in achieving net-zero emissions for the parties, but will allow Gryphon to become the...
2021-06-09 7:00 AM EDT
Sphere 3D Corp. Announces Merger Agreement with Gryphon Digital Mining, Inc.
Toronto, Ontario--(Newsfile Corp. - June 3, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization and data management solutions announces that it has entered into an Agreement and Plan of Merger with Gryphon Digital Mining, Inc. ("Gryphon"), a privately-held company focused on the mining of bitcoin using renewable energy. Upon completion of the merger, the Company will change its name to Gryphon Digital Mining, Inc. "Gryphon's future focus on mining using...
2021-06-03 9:26 AM EDT
Sphere 3D Corp. to Debut Its First Mining Solution for Cryptocurrencies: SnapMine
Toronto, Ontario--(Newsfile Corp. - May 28, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization and data management solutions, announced today an expansion of its SnapServer line to include solutions for cryptocurrency mining, called SnapMine, to be available in Q3 2021. Leveraging the SnapServer brand, that has been delivered for the last 20 years, SnapMine is designed as a cost-effective plug-and-play mining solution allowing users to start cryptocurrency mining quickly and easily,...
2021-05-28 8:00 AM EDT
Sphere 3D Corp. Announces Closing of $7.9 Million Public Offering and Partial Exercise of Overallotment Option
Toronto, Ontario--(Newsfile Corp. - May 27, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today the closing of its underwritten public offering of 5,600,000 common shares at a price to the public of $1.25 per share. In addition, Sphere 3D granted to Maxim Group LLC a 45-day option to purchase up to an additional 840,000 common shares, at the public offering price less underwriting discounts and commissions, of which Maxim Group LLC has exercised...
2021-05-27 1:15 PM EDT
Sphere 3D Corp. Announces Pricing of $7.0 Million Public Offering of Common Shares
Toronto, Ontario--(Newsfile Corp. - May 24, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today the pricing of its underwritten public offering of 5,600,000 common shares at a price to the public of $1.25 per share for gross proceeds of $7.0 million.Maxim Group LLC is acting as sole book-running manager in connection with the offering.Sphere 3D also has granted the underwriters a 45-day option to purchase up to an additional 840,000 common shares, at the...
2021-05-24 8:37 PM EDT
Sphere 3D Reports First Quarter Fiscal Year 2021 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 14, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D"), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its first quarter ended March 31, 2021. First Quarter 2021 Financial Results:Our results for first quarter 2021 were as follows:Revenue for the first quarter of 2021 was $0.9 million, compared to $1.0 million for the first quarter of 2020.Gross margin for the first quarter of 2021 was...
2021-05-14 5:12 PM EDT
Sphere 3D Corp. Sponsors Minority Equality Opportunities Acquisition Inc., a SPAC Targeting Historically Undercapitalized Minority Businesses
Toronto, Ontario--(Newsfile Corp. - May 12, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced the submission of a confidential draft registration statement with the Securities and Exchange Commission to sponsor Minority Equality Opportunities Acquisition Inc. (“MEOA”), a special-purpose acquisition company, or SPAC, dedicated to investing in minority-owned and controlled businesses with an initial funding target of $100 million.Sphere 3D's sponsorship of MEOA is part of the Company's dedication to position minority business enterprises ("MBEs") - companies...
2021-05-12 7:30 AM EDT
Sphere 3D Corp. Files Registration Statement
Toronto, Ontario--(Newsfile Corp. - April 27, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Company" or "Sphere 3D") announced today that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission ("SEC") for a public offering of its common shares. The number of common shares to be offered and the price per share has not yet been determined. Sphere 3D plans to use the proceeds from the offering for working capital, general corporate purposes and to...
2021-04-27 6:24 AM EDT
Sphere 3D Corp. Appoints Former GE Capital Executive Patricia Trompeter to its Board of Directors
Toronto, Ontario--(Newsfile Corp. - April 22, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Company" or "Sphere 3D") announced today that the Company has appointed M&A and financial expert Patricia Trompeter to its Board of Directors ("Board"). Ms. Trompeter will also serve on the Nominating, Governance and Audit Committees. Ms. Trompeter is a welcomed addition to the Sphere 3D Board, bringing more than 16 years of experience in mergers and acquisitions and over 15 years in financial management. After graduating from...
2021-04-22 8:00 AM EDT
Sphere 3D Reports Fiscal Year 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - April 8, 2021) - Sphere 3D Corp. (NASDAQ: ANY), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its year ended December 31, 2020. Fiscal Year Financial Results:Our results for fiscal year 2020 were as follows:Net revenue for 2020 was $4.8 million, compared to $5.6 million for 2019.Gross margin for 2020 was 46.4%, compared to 33.2% for 2019.Operating expenses for 2020 were $8.2 million, compared to $7.9 million for 2019. Depreciation...
2021-04-08 10:40 PM EDT
Sphere 3D Receives Letter of Reprimand from NASDAQ
Toronto, Ontario--(Newsfile Corp. - February 23, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company") announced today that the Company was notified by The Nasdaq Stock Market LLC ("Nasdaq") that the Nasdaq Listing Qualifications Staff issued a public letter of reprimand to the Company based upon the Company's failure to comply with the Listing Rule 5620(c) (the "Quorum Rule") during the period of time that it was no longer a foreign private issuer and could not rely on home...
2021-02-23 5:00 PM EST
Sphere 3D and Rainmaker Worldwide Terminate Agreement to Acquire Rainmaker Water Technology and Service Provider Agreements
Toronto, Ontario--(Newsfile Corp. - February 16, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today that the previously announced definitive Share Purchase Agreement (the “Agreement”) for the acquisition of Rainmaker Holland BV (“Rainmaker Holland”), a wholly-owned subsidiary of Rainmaker Worldwide Inc. (OTC: RAKR) has been terminated. No break-fee or termination costs were paid by either party.“We have been working towards a transaction for quite some time now to acquire Rainmaker Holland. Over the last several...
2021-02-16 8:15 AM EST
Sphere 3D Provides RHBV Acquisition Update
Toronto, Ontario--(Newsfile Corp. - January 19, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company") announced the following update of its previously announced agreement to purchase Rainmaker Holland BV ("RHBV").The Company and RHBV are in the process of satisfying the customary closing conditions pursuant to the Definitive Share Purchase Agreement (the "Agreement"). These conditions include satisfying the corporate legal requirements for the transfer of the RHBV shares under the laws of The Netherlands and obtaining NASDAQ and other approvals as...
2021-01-19 6:00 AM EST
Sphere 3D to Acquire Rainmaker Water Technology and Service Provider Agreements Through Purchase of 100% of Rainmaker Holland BV
Toronto, Ontario--(Newsfile Corp. - January 4, 2021) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company") today announced that it entered into a definitive Share Purchase Agreement (the "Agreement") for the acquisition of Rainmaker Holland BV ("RHBV" or "Rainmaker Holland"), a wholly owned subsidiary of Rainmaker Worldwide Inc. (OTC Pink: RAKR) ("Rainmaker Worldwide" or "RAKR"). RHBV owns all of the RAKR intellectual property including its Air-to-Water and Water-to-Water technologies and current customer contracts and joint venture arrangements in...
2021-01-04 3:23 PM EST