Sphere 3D adopts shareholder rights plan with 20% trigger, expires Aug 2027

Sphere 3D Corp.

Rights plan triggers at 20% beneficial ownership; Permitted Bids with 105-day period and 50% independent shareholder deposit condition exempt.
Rights expire Aug 10, 2027; record time Aug 20, 2026; exercise price set at 3x market price, redeemable at $0.00001 per right.
Adopted in response to substantial accumulation of common shares; follows recent Cathedra Bitcoin combination and planned name change to DarkHorse Technologies.
Board can waive, redeem, or exchange rights; rights detach on Separation Time after 10 trading days post trigger event.

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