---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-24-019435"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T20:44:19.267183+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D raises ~$6M via registered direct offering and private placement of shares and warrants

## Summary
- Company to issue 4,225,353 common shares (or equivalents) at $1.42/share, raising ~$6M gross proceeds.
- Concurrent private placement of warrants to purchase up to 4,225,353 shares at $1.50, exercisable in 6 months.
- Proceeds to accelerate mining fleet efficiency, vertical infrastructure integration, and general corporate purposes.
- Existing warrants for 142,857 shares amended: exercise price reduced from $66.50 to $1.50, term extended.
- Executives and directors entered 90-day lock-up agreements starting November 21, 2024.

## SEC filing metadata
- accession: 0001062993-24-019435
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299324019435/0001062993-24-019435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299324019435/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-24-019435
- JSON: https://secwatch.observer/filing/0001062993-24-019435.json
- Plain text: https://secwatch.observer/filing/0001062993-24-019435.txt

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