Company: ANY
Filing Date: 2025-01-03
Form Type: 424B5
Source: 0001062993-25-000228
Chunk: 16

Company: Sphere 3D Corp.
Filing Date: 2025-01-03
Form: 424B5
Chunk 16
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 as principal. We estimate that the total expenses for the offering, excluding compensation and reimbursements payable to the Sales Agent under the Sales Agreement, will be approximately $104,000.

Settlement for sales of common shares will occur on the first business day following the date on which any sales are made, or on some other date that is agreed upon by us and the Sales Agent in connection with a particular transaction, in return for payment of the net proceeds to us. There is no arrangement for funds to be received in an escrow, trust or similar arrangement.

In connection with the sale of the common shares on our behalf, the Sales Agent will be deemed to be an underwriter within the meaning of the Securities Act, and its compensation as sales agent will be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification and contribution to the Sales Agent against certain civil liabilities, including liabilities under the Securities Act.

The offering pursuant to the Sales Agreement will terminate upon the earlier of (1) the issuance and sale of all shares of our common shares subject to the Sales Agreement; and (2) the termination of the Sales Agreement as permitted therein.

The Sales Agent and/or its affiliates may in the future perform various financial advisory and commercial and investment banking services for us and our affiliates, for which they may in the future receive customary compensation and expense reimbursement. Affiliates of the Sales Agent may be lenders or agents under our various credit facilities in the future, and affiliates of the Sales Agent may hold our securities. The Sales Agent and/or its affiliates may also make investment recommendations and/or publish or express independent research views in respect of our securities or financial instruments related to our securities and may hold, or recommend to clients that they acquire, long and/or short positions in such securities and instruments.

The Sales Agent is not registered as an investment dealer in any Canadian jurisdiction and, accordingly, will only sell the common shares in the United States, and will not, directly or indirectly, solicit offers to purchase or sell the common shares in Canada. Subject to applicable laws, the Sales Agent may offer the common shares outside of Canada and the United States.

To the extent required by Regulation M, the Sales Agent will not engage in any market making activities involving our common shares while the offering is ongoing under this prospectus supplement.

Listing

The transfer agent and registrar for our common shares is TSX Trust Company. Our common shares are listed on the Nasdaq Capital Market under the symbol "ANY."

Other Relationships

The Sales Agent and its affiliates have engaged in,