---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-26-001384"
form_type: "8-K"
ticker: "ANY"
cik: "0001591956"
company_name: "Sphere 3D Corp."
filed_at: "2026-03-11T23:59:59+00:00"
generated_at: "2026-05-15T14:48:24.049834+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sphere 3D to acquire Cathedra Bitcoin in all-stock deal; Cathedra holders get ~49% of combined firm

## Summary
- Cathedra shareholders receive ~49% of Sphere's outstanding shares on partially diluted basis as consideration.
- Exchange ratio: 0.123014 Sphere shares per Cathedra SV share; 12.3014 per MV share.
- Combined company retains Sphere name, NASDAQ listing (ANY); initial 53 MW power across 5 data centers.
- Requires 66-2/3% Cathedra vote, majority Sphere vote, court approval; expected close by Sept 30, 2026.
- Post-closing board: Tim Hanley, Marcus Dent, Kurt Kalbfleisch, Joel Block, Nicholas Gates; CEO Joel Block.

## SEC filing metadata
- accession: 0001062993-26-001384
- form_type: 8-K
- ticker: ANY
- cik: 0001591956
- company_name: Sphere 3D Corp.
- filed_at: 2026-03-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591956/000106299326001384/0001062993-26-001384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591956/000106299326001384/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-26-001384
- JSON: https://secwatch.observer/filing/0001062993-26-001384.json
- Plain text: https://secwatch.observer/filing/0001062993-26-001384.txt

## Key facts
- Material Agreements
  Sphere 3D Corp. entered into Arrangement Agreement with Cathedra Bitcoin Inc. (effective 2026-03-05).
  - Action: entry
  - Agreement: merger
  - Counterparty: Cathedra Bitcoin Inc.
  - Effective: 2026-03-05
  source text: On March 5, 2026, Sphere 3D Corp., a company existing under the laws of the Province of Ontario, Canada (" Sphere "), S3D Acquisition Corp., a company existing under the laws of the Province of British Columbia, Canada and a wholly-owned subsidiary of Sphere (" Amalco Sub "), and Cathedra Bitcoin Inc., a company existing under the laws of the Province of British Columbia, Canada (" Cathedra "), entered into an Arrangement Agreement (the " Arrangement Agreement ")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591956/000106299326001384/0001062993-26-001384-index.htm

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