Company: ANY
Filing Date: 2025-01-03
Form Type: 424B5
Source: 0001062993-25-000228
Chunk: 6

Company: Sphere 3D Corp.
Filing Date: 2025-01-03
Form: 424B5
Chunk 6
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 adjustment rights). The Warrants will be exercisable six (6) months following the date of issuance and expire five and one half (5 ½) years following the date of issuance.

Concurrently with the registered direct offering and the concurrent private placement of the Warrants, we entered into an Amendment to Common Share Purchase Warrants (the “Warrant Amendment”) with the Purchaser, which amended the common share purchase warrants to purchase up to 142,858 common shares issued to the Purchaser on September 8, 2021 (the “Existing Warrants”) to (i) reduce the exercise price of the Existing Warrants from $66.50 to $1.50 per share, (ii) extend the initial exercise date of the Existing Warrants to May 21, 2025, and (iii) reflect that the Existing Warrants will terminate on May 21, 2030.

In December 2024, we issued 1,269,570 common shares for the conversion of 8,887 Series H Preferred Shares.

<div align='center'>PS-1</div>

Our Corporate Information

Our principal executive offices are located at 243 Tresser Boulevard, 17 Floor, Stamford, CT 06901. Our telephone number is +1 (647) 952-5049 and our Internet website address is www.sphere3d.com. The information contained on, or that can be accessed through, our website is not incorporated by reference into this prospectus. We have included our web address as an inactive textual reference only.

<div align='center'>PS-2

The Offering</div>

| Common Shares offered by us                      | Common shares with an aggregate offering price of up to $8,000,000.                                                                                                                                                                                                                                                                |
| Common Shares outstanding after this offering(1) | 33,374,119 common shares, assuming sales of 7,920,792 shares of our common shares in this offering at a price of $1.01 per share, which was the closing price of our common shares on the Nasdaq Capital Market on January 2, 2025. The actual number of shares issued will vary depending on the sales price under this offering. |
| Manner of Offering                               | "At the market offering" that may be made from time to time through AGP. See the "Plan of Distribution" beginning on page PS-9 in this prospectus supplement for a more complete description of the manner of this offering                                                                                                        |
| Trading Symbol                                   |