Company: ANY
Filing Date: 2025-11-21
Form Type: S-3
Source: 0001062993-25-016980
Chunk: 43

Company: Sphere 3D Corp.
Filing Date: 2025-11-21
Form: S-3
Chunk 43
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 ownership (as determined under Section 13(d) of the Exchange Act) of the common shares held by the Selling Stockholder. The second column lists the number of common shares beneficially owned by the Selling Stockholder, based on its ownership of common shares and the Warrant, assuming the exercise of the Warrant held by the Selling Stockholder on that date.

The third column lists the common shares being offered by this prospectus by the Selling Stockholder. The fourth column assumes the sale of all of the shares offered by the Selling Stockholder pursuant to this prospectus.

Under the terms of the Warrants, the Selling Stockholder may not exercise the Warrants to the extent such exercise would cause such Selling Stockholder, together with its affiliates and attribution parties, to beneficially own a number of common shares which would exceed 9.99% of our then-outstanding common shares (the “Maximum Percentage”) following such exercise, excluding for purposes of such determination common shares issuable upon exercise of the Warrants that have not been exercised. The number of shares in the second column does not reflect this limitation. The Selling Stockholder may sell all, some or none of its shares in this offering. See “Plan of Distribution.”

|                             |     |     Common Shares 
             Owned 
 Prior to Offering |    |     |      Maximum 
    Number of 
       Common 
 Shares to be 
      Sold(3) |     |   Shares Owned 
 After Offering |     |            |   |
| Name of Selling Stockholder |     |                   |    |     |              |     |      Shares(4) |     | Percent(5) |   |
| Armistice Capital, LLC (1)  |     |         2,382,041 | -2 |     |    8,736,422 |     |      2,382,041 |     |       7.06 | % |

(1)The securities are directly held by Armistice Capital Master Fund Ltd., a Cayman Islands exempted company (the "Master Fund"), and may be deemed to be beneficially owned by: (i) Armistice Capital, LLC ("Armistice Capital"), as the investment manager of the Master Fund; and (ii) Steven Boyd, as the Managing Member of Armistice Capital. The warrants are subject to a beneficial ownership limitation of 9.99%, which such limitation restricts the Selling Stockholder from exercising that portion of the warrants that would result in the Selling Stockholder