Sphere 3D receives Nasdaq bid price deficiency notice; 180 days to regain compliance

Sphere 3D Corp.

Nasdaq notified Sphere 3D on Oct 10, 2024 that bid price closed below $1.00 for 30 consecutive trading days.
Company has until April 8, 2025 to regain compliance with Nasdaq Listing Rule 5550(a)(2).
No immediate impact on listing or trading on Nasdaq Capital Market.
To cure, Sphere 3D may consider a reverse stock split or other options.
Additional 180-day grace period possible if market value and other standards are met.

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