---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-001166"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T20:02:17.648516+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D settles with Core Scientific for $10M in equity; court approves

## Summary
- Sphere 3D will receive $10M in Core equity, accessible for trading upon Core's effective date.
- Additional equity pool available if Core's equity value declines within 18 months post-settlement.
- Mutual release of all claims between Sphere 3D and Core; claims against Gryphon expressly preserved.
- U.S. Bankruptcy Judge Christopher M. Lopez approved the settlement on January 16, 2024.
- CEO Patricia Trompeter says settlement provides non-dilutive capital to focus on growth initiatives.

## SEC filing metadata
- accession: 0001062993-24-001166
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299324001166/0001062993-24-001166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299324001166/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-001166
- JSON: https://secwatch.observer/filing/0001062993-24-001166.json
- Plain text: https://secwatch.observer/filing/0001062993-24-001166.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.