Sphere 3D holders approve share consolidation, name change, and $3M LDA note

Sphere 3D Corp.

Shareholders approved a special resolution for a potential common share consolidation.
Approved a resolution to change the company name (specific new name not disclosed).
Approved a by-law amendment; all proposals passed with majority of votes cast in favor.
Approved issuance of a $3M senior convertible promissory note and 3.19M warrants to LDA Capital.

item 5.07

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Sphere 3D Corp. shareholders approved By-law Amendment at the 2023-06-23 meeting.

Outcome: passed
Meeting: 2023-06-23

Exact text from the filing

3. By-law Amendment On a vote taken regarding amendment of the By-laws of the Company, it was declared that the shareholders approved a resolution authorizing an amendment of the By-laws of the Company. Voting results are as follows: Votes For Votes Withheld Broker Non-Votes Abstentions 13,137,822 1,528,992 15,248,570 47,351,211

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Sphere 3D Corp. shareholders approved Name Change at the 2023-06-23 meeting.

Outcome: passed
Meeting: 2023-06-23

Exact text from the filing

2. Name Change On a vote taken regarding a name change of the Company, it was declared that the shareholders approved a special resolution authorizing an amendment of the Articles of the Company providing for a change of name of the Company. Voting results are as follows: Votes For Votes Withheld Broker Non-Votes Abstentions 27,777,858 2,137,526 — 47,351,211

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Sphere 3D Corp. shareholders approved Share Consolidation at the 2023-06-23 meeting.

Outcome: passed
Meeting: 2023-06-23

Exact text from the filing

1. Share Consolidation On a vote taken regarding a consolidation of the common shares of the Company, it was declared that the shareholders approved a special resolution to amend the Articles of the Company to potentially consolidate the Company’s common shares. Voting results are as follows: Votes For Votes Withheld Broker Non-Votes Abstentions 12,271,709 2,395,105 15,248,570 47,351,211

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Sphere 3D Corp. shareholders approved LDA Transaction at the 2023-06-23 meeting.

Outcome: passed
Meeting: 2023-06-23

Exact text from the filing

4. LDA Transaction On a vote taken regarding approval of the LDA Transaction, it was declared that the shareholders approved a resolution to approve the issuance and sale of a senior convertible promissory note in the principal amount of $3,000,000 and common share purchase warrants granting the right to acquire 3,191,489 common shares to LDA Capital Limited. Voting results are as follows: Votes For Votes Withheld Broker Non-Votes Abstentions 9,764,381 1,524,231 18,626,772 47,351,211

View on SEC.gov

63 shareholder votes filed in the last 30 days. Browse all shareholder votes →

Sphere 3D Corp. filing history →

Source: SEC EDGAR

accession 0001591956-23-000020

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