Company: ANY
Filing Date: 2025-12-10
Form Type: 424B3
Source: 0001062993-25-017271
Chunk: 40

Company: Sphere 3D Corp.
Filing Date: 2025-12-10
Form: 424B3
Chunk 40
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 shares of our capital stock outstanding on November 18, 2025. On November 18, 2025, there were 33,729,165 common shares outstanding. To calculate a shareholder's percentage of beneficial ownership, we include in the numerator and denominator the common shares outstanding and all common shares issuable to that person in the event of the exercise of outstanding warrants or conversion of outstanding convertible notes owned by that person which are exercisable within 60 days of November 18, 2025, subject to any contractual restrictions on exercise. Warrants and convertible notes held by other shareholders are disregarded in this calculation. Therefore, the denominator used in calculating beneficial ownership among our stockholders may differ. Unless we have indicated otherwise, each person named in the table has sole voting power and sole investment power for the shares listed opposite such person's name.

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PLAN OF DISTRIBUTION</div>

We are registering the common shares issuable upon exercise of the Warrants to permit the resale of these common shares by the holder of the Warrants from time to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the Selling Stockholder of the common shares, although we will receive the conversion price and exercise price, as applicable, of the Warrants, respectively, to the extent not converted or exercised by the Selling Stockholder on a cashless exercise basis. We will bear all fees and expenses incident to our obligation to register the common shares.

The Selling Stockholder may sell all or a portion of the common shares held by them and offered hereby from time to time directly or through one or more underwriters, broker-dealers or agents. If the common shares are sold through underwriters or broker-dealers, the Selling Stockholder will be responsible for underwriting discounts or commissions or agent's commissions. The common shares may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale or at negotiated prices. These sales may be effected in transactions, which may involve crosses or block transactions, pursuant to one or more of the following methods:

●on any national securities exchange or quotation service on which the securities may be listed or quoted at the time of sale;

●in the over-the-counter market;

●in transactions otherwise than on these exchanges or systems or in the over-the-counter market;

●through the writing or settlement of options, whether such options are listed on an options exchange or otherwise