Company: ANY
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001062993-25-017271
Chunk: 39

Company: Sphere 3D Corp.
Filing Date: 2025-12-10
Form: 424B3
Chunk 39
---
      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 and its affiliates owning, after exercise, a number of shares of common stock in excess of the beneficial ownership limitation. The address of Armistice Capital Master Fund Ltd. is c/o Armistice Capital, LLC, 510 Madison Avenue, 7th Floor, New York, NY 10022.

(2)This column lists the number of common shares beneficially owned by the Selling Stockholder, as of November 18, 2025, after giving effect to the Maximum Percentage. Without regard to the Maximum Percentage and the Initial Exercise Date, as of November 18, 2025, the Selling Stockholder would beneficially own an aggregate number of 11,118,463 common shares, which consists of (i) 8,736,422 common shares underlying Warrants held by the Selling Stockholder, all of which are being registered under this prospectus and (ii) 2,382,041 common shares.

(3)For the purposes of the calculations of common shares to be sold pursuant to the prospectus we are assuming the exercise in their entirety of the Warrants held by the Selling Stockholder without regard to any limitations set forth therein.

<div align='center'>34</div>

(4)This column represents the amount of shares that will be held by the Selling Stockholder after completion of this offering based on the assumptions that (a) all securities registered for sale by the registration statement of which this prospectus is part of will be sold, and (b) no other common shares are acquired or sold by the Selling Stockholder prior to completion of this offering. However, the Selling Stockholder is not obligated to sell all or any portion of the common shares offered pursuant to this prospectus.

(5)The percentages in the table have been calculated on the basis of treating as outstanding for a particular person, all