other material
confidence high
sentiment neutral
materiality 0.55
Sphere 3D enters ATM equity sales agreement for up to $8M of common shares
Sphere 3D Corp.
- Up to $8M in common shares may be sold at-market through A.G.P./Alliance Global Partners.
- Sales agent receives 3.0% commission on gross proceeds; company reimburses up to $40K in expenses.
- Proceeds for working capital, general corporate purposes, and potential mining fleet upgrades/infrastructure.
- No obligation for either party to sell; sales occur on Nasdaq at prevailing market prices.