Company: ANY
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001062993-25-017271
Chunk: 38

Company: Sphere 3D Corp.
Filing Date: 2025-12-10
Form: 424B3
Chunk 38
---
2) under the Securities Act and Regulation D promulgated thereunder.

<div align='center'>33

SELLING STOCKHOLDER</div>

The common shares being offered by the Selling Stockholder are those issuable to the Selling Stockholder upon exercise of the Warrants. For additional information regarding the issuances of the Warrants, see "Private Placement" above. We are registering the common shares in order to permit the Selling Stockholder to offer the shares for resale from time to time. Except for ownership of the Warrants, the Selling Stockholder has not had any material relationship with us within the past three years.

The table below lists the Selling Stockholder and other information regarding the beneficial 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 |     |