Company: ANY
Filing Date: 2025-01-03
Form Type: 424B5
Source: 0001062993-25-000228
Chunk: 14

Company: Sphere 3D Corp.
Filing Date: 2025-01-03
Form: 424B5
Chunk 14
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| Increase per share to the new investors in this offering                                                                                 |   |       |   | $ | 0.43 |

The number of common shares that will be outstanding after this offering is based on 20,940,530 common shares, as of September 30, 2024, and, unless otherwise indicated, excludes, as of such date, the following:

Each $0.25 increase in the assumed public offering price of $1.01 per share (the last reported sale price of our common shares on the Nasdaq Capital Market on January 2, 2025) would increase our as adjusted net tangible book value by approximately $0.07 per share and would result in a decrease per share to new investors in this offering of approximately $0.18 per share, assuming no change to the dollar value of common shares being offered hereby set forth on the cover page of this prospectus supplement, and after deducting underwriting discounts and estimated offering expenses payable by us.

<div align='center'>PS-9</div>

Each $0.25 decrease in the assumed public offering price of $1.01 per share (the last reported sale price of our common shares on the Nasdaq Capital Market on January 2, 2025) would decrease our as adjusted net tangible book value by approximately $0.10 per share and would result in an increase per share to new investors of this offering by approximately $0.15 per share, assuming no change to the dollar value of common shares being offered hereby set forth on the cover page of this prospectus supplement, and after deducting underwriting discounts and estimated offering expenses payable by us.

To the extent that the outstanding options or warrants are exercised or preferred shares converted, new investors will experience further dilution. In addition, we may choose to raise additional capital due to market conditions or strategic considerations. To the extent that additional capital is raised through the sale of securities, the issuance of those securities could result in further dilution to our shareholders.

<div align='center'>PS-10

DESCRIPTION OF SECURITIES WE ARE OFFERING</div>

Common Shares

Our authorized capital includes an unlimited number of common shares. The following is a description of the material terms of our share capital of as set forth in our articles of amalgamation and bylaws, as amended to date, and certain related sections of the OBCA.

Voting, Dividend and Other Rights. Each outstanding common share entitles the holder to one vote on all matters presented to the shareholders for