Company: ANY
Filing Date: 2025-01-03
Form Type: 424B5
Source: 0001062993-25-000228
Chunk: 7

Company: Sphere 3D Corp.
Filing Date: 2025-01-03
Form: 424B5
Chunk 7
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 Our common shares are listed on the Nasdaq Capital Market under the symbol "ANY."                                                                                                                                                                                                                                                  |
| Use of Proceeds                                  | We plan to use the net proceeds from this offering, if any, for working capital and general corporate purposes. See "Use of Proceeds."                                                                                                                                                                                             |
| Risk Factors                                     | See "Risk Factors" beginning on page PS-3 of this prospectus supplement, as well as the other information included in or incorporated by reference in this prospectus supplement and the accompanying base prospectus, for a discussion of risks you should carefully consider before investing in our securities.                 |

| (1) | The number of our common shares to be outstanding after this offering is based on 25,453,327 common shares outstanding as of January 3, 2025, and excludes, as of that date, the following: |

<div align='center'>PS-3

RISK FACTORS</div>

Before you make a decision to invest in our securities, you should consider carefully the risks described below, together with other information in this prospectus supplement, the accompanying prospectus and the information incorporated by reference herein and therein. If any of the following events actually occur, our business, operating results, prospects or financial condition could be materially and adversely affected. This could cause the trading price of our common shares to decline and you may lose all or part of your investment. The risks described below are not the only ones that we face. Additional risks not presently known to us or that we currently deem immaterial may also significantly impair our business operations and could result in a complete loss of your investment.

You should also carefully consider the risk factors set forth under "Risk Factors" described in our most recent annual report on Form 10-K, filed with the SEC on March 13, 2024 and our quarterly reports on Form 10-Q, filed with the SEC on May 13, 2024, August 13, 2024 and November 14, 2024, together with all other information contained or incorporated by reference in this prospectus supplement and in any related free writing prospectus in connection with this offering, before making an investment decision.

Risks Related to This Offering

The common shares offered hereby will be sold in "at the market offerings," and investors who buy shares at different times will likely pay different prices.

Investors who purchase shares in this offering at different times will likely pay different prices, and so may experience different levels of dilution, and different outcomes in their investment results