Company: ANY
Filing Date: 2025-10-17
Form Type: 8-K
Source: 0001062993-25-016177
Chunk: 1

Company: Sphere 3D Corp.
Filing Date: 2025-10-17
Form: 8-K
Item: Item 1.01
Chunk 1
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ucement Agreement, the Company will be required to file, on or prior to November 16, 2025 (the "Filing Date"), a resale registration statement (the "Resale Registration Statement") with the Securities and Exchange Commission ("SEC") to register the resale of the Company's common shares issuable upon exercise of the New Warrants. Pursuant to the Inducement Agreement, the Resale Registration Statement must be declared effective by the SEC within 60 days after the date of the Inducement Agreement, or 90 days if the Resale Registration Statement is reviewed by the SEC.

In addition, the Company is required to hold an annual or special meeting of stockholders on or prior to January 15, 2026, for the purpose of obtaining Stockholder Approval, with the recommendation of the Company's Board of Directors that such proposals are approved. If the Company does not obtain Stockholder Approval at the first meeting, the Company must call a meeting every 90 days thereafter to seek Stockholder Approval until the earlier of the date on which Stockholder Approval is obtained or the New Warrants are no longer outstanding.

A. G. P./Alliance Global Partners (the "Financial Adviser") acted as the exclusive financial adviser in connection with the above transactions pursuant to a Financial Advisory Agreement, dated as of October 16, 2025, between the Company and the Financial Adviser (the "FAA"). Pursuant to the FAA, the Financial Adviser will be paid a commission equal to 7.0% of the gross proceeds received by the Company related to the Inducement Agreement. The Company will reimburse the Financial Adviser $40,000 for certain fees and expenses incurred by them, including attorney fees.

The foregoing descriptions of the form of New Warrant, the form of Inducement Agreement, and the FAA are subject to, and qualified in their entirety by, such documents (or forms thereof), which are attached hereto as Exhibits 4.1, 10.1, and 10.2, respectively, and incorporated herein by reference.

Item 3.02 Unregistered Sales of Equity Securities.