Company: ANY
Filing Date: 2025-01-03
Form Type: 424B5
Source: 0001062993-25-000228
Chunk: 1

Company: Sphere 3D Corp.
Filing Date: 2025-01-03
Form: 424B5
Chunk 1
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, the aggregate market value of our outstanding common shares held by non-affiliates, or public float, was $42,986,004, based on 25,453,327 outstanding common shares, of which 889,896 common shares were held by affiliates, and a price of $1.75 per share, which was the price at which our common shares were last sold on the Nasdaq Capital Market on November 12, 2024. As of the date hereof, we have offered and sold $5,999,813.72 of securities pursuant to General Instruction I.B.5 of Form F-3 or General Instruction I.B.6 of Form S-3 during the prior 12-calendar-month period that ends on and includes the date of this supplement. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell securities registered on the registration statement of which this supplement forms a part in a public primary offering with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75 million (the "Baby Shelf Limitation").

The Sales Agent is not registered as an investment dealer in any Canadian jurisdiction and, accordingly, the Sales Agent will only sell the common shares into the United States and will not, directly or indirectly, solicit offers to purchase or sell the common shares in Canada.

Investing in our securities involves a high degree of risk, including that the trading price of our common shares has been subject to volatility and investors in this offering may not be able to sell their common shares above the actual offering price or at all.

See "Risk Factors" beginning on page PS-3 of this prospectus supplement, page 11 of the accompanying base prospectus and under similar headings in the documents incorporated by reference into this prospectus supplement and the accompanying base prospectus.

The enforcement of judgments obtained in Canada and by investors of civil liabilities under the U.S. federal securities laws may be affected adversely by the fact that the Company is existing under and governed by the laws of the province of Ontario and the federal laws of Canada, that some or all of the Company's officers and directors are residents of Canada, and that a substantial portion of the Company's assets, and the assets of most of the officers and directors of the Corporation are located outside the United States. Mr. McEwan and Mmes. Harnett and Trompeter, directors of the Corporation, reside outside of Canada. Although Mr. McE