{"schema_version":"secwatch.filing_event.v1","accession":"0001062993-23-009445","form_type":"8-K","ticker":"ANY","cik":"0001591956","company_name":"Sphere 3D Corp.","filed_at":"2023-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.566883+00:00","generated_at":"2026-06-16T21:21:04.144554+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sphere 3D raises up to $3M via convertible note and warrants with LDA Capital","bullets":["Initial $1M convertible note at 7.5% interest, 24-month maturity, secured by bitcoin miners.","Warrants to purchase 3,191,489 shares at $0.47/share, exercisable for 3 years.","Additional $2M tranche available upon effectiveness of a resale registration statement.","Proceeds to fund deposits to energize remaining bitcoin miners.","The Benchmark Company acted as exclusive placement agent for the transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001062993-23-009445","json":"https://secwatch.observer/filing/0001062993-23-009445.json","markdown":"https://secwatch.observer/filing/0001062993-23-009445.md","text":"https://secwatch.observer/filing/0001062993-23-009445.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591956/000106299323009445/0001062993-23-009445-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591956/000106299323009445/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T21:21:04.144554+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f0f8b44e5302f76d8418cc6a61dc1850607d618d","claim":"Sphere 3D Corp. incurred convertible notes of $1,000,000 with LDA Capital Limited at 7.5% per annum maturing 24 months after issuance.","evidence_excerpt":"On April 17, 2023, Sphere 3D Corp. (the \"Company\") entered into a Securities Purchase Agreement (the \"Purchase Agreement\") pursuant to which the Company issued to an institutional accredited investor, LDA Capital Limited (the \"Investor\"), a Senior Convertible Promissory Note having an aggregate principal amount of $1,000,000 (the \"Note\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591956/000106299323009445/0001062993-23-009445-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,000,000"},{"label":"Counterparty","value":"LDA Capital Limited"},{"label":"Rate","value":"7.5% per annum"},{"label":"Maturity","value":"24 months after issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c476f1e9ee33dde395f53dfb8fbe421f446d1d10","claim":"Sphere 3D Corp. entered into Securities Purchase Agreement with LDA Capital Limited valued at $1,000,000 (effective 2023-04-17).","evidence_excerpt":"On April 17, 2023, Sphere 3D Corp. (the \"Company\") entered into a Securities Purchase Agreement (the \"Purchase Agreement\") pursuant to which the Company issued to an institutional accredited investor, LDA Capital Limited (the \"Investor\"), a Senior Convertible Promissory Note having an aggregate principal amount of $1,000,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591956/000106299323009445/0001062993-23-009445-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"LDA Capital Limited"},{"label":"Value","value":"$1,000,000"},{"label":"Effective","value":"2023-04-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}