Company: ANY
Filing Date: 2025-11-21
Form Type: S-3
Source: 0001062993-25-016980
Chunk: 2

Company: Sphere 3D Corp.
Filing Date: 2025-11-21
Form: S-3
Chunk 2
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 the Selling Stockholder. However, we may receive proceeds from the cash exercise of the Warrants, which, if exercised in cash at the current applicable exercise price with respect to all of the 8,736,422 common shares, would result in gross proceeds to us of approximately $8.212 million.

We will pay the expenses of registering the common shares offered by this prospectus, but all selling and other expenses incurred by the Selling Stockholder will be paid by the Selling Stockholder. The Selling Stockholder may sell our common shares offered by this prospectus from time to time on terms to be determined at the time of sale through ordinary brokerage transactions or through any other means described in this prospectus under "Plan of Distribution." The prices at which the Selling Stockholder may sell shares will be determined by the prevailing market price for our common shares or in negotiated transactions.

Our common shares are quoted on The Nasdaq Capital Market, or Nasdaq, under the symbol "ANY." On November 18, 2025, the last reported sale price for our common shares on Nasdaq was $0.4973. There is no established public trading market for the Warrants, and we do not expect a market to develop. In addition, we do not intend to list the Warrants on Nasdaq, any other national securities exchange or any other nationally recognized trading system.

Our principal executive office is located at 243 Tresser Blvd., 17 Floor, Stamford, CT 06901, and our telephone number is (647) 952-5049.

Investing in our securities involves a high degree of risk. See "Risk Factors" beginning on page 15 of this prospectus for a discussion of information that should be considered in connection with an investment in our securities.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is , 2025

TABLE OF CONTENTS</div>

| ABOUT THIS PROSPECTUS                             |  1 |
| WHERE YOU CAN FIND MORE INFORMATION ABOUT US      |  3 |
| INCORPORATION OF DOCUMENTS BY REFERENCE           |  4 |
| SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS |  6 |
| OUR COMPANY                                       |  7 |
| RISK FACTORS                                      | 13 |
| USE OF PROCEEDS                                   |