Company: ANY
Filing Date: 2025-01-03
Form Type: 424B5
Source: 0001062993-25-000228
Chunk: 13

Company: Sphere 3D Corp.
Filing Date: 2025-01-03
Form: 424B5
Chunk 13
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30, 2024 and January 3, 2025, our pro forma net tangible book value as of September 30, 2024 would have been approximately $42.7 million, or $1.68 per share.

After giving further effect to the assumed full exercise of the remaining 1,594,000 pre-funded warrants issued on November 19, 2024, our pro forma net tangible book value as of September 30, 2024 would have been approximately $42.7 million or $1.58 per share.

After giving effect to the sale of our common shares pursuant to this prospectus supplement in the aggregate amount of approximately $8,000,000, assuming the sale of all of the shares offered hereunder at an assumed offering price of $1.01 per share, the last reported sale price of our common shares on the Nasdaq Capital Market on January 2, 2025, and after deducting commissions and estimated aggregate offering expenses payable by us, our pro forma as adjusted net tangible book value as of September 30, 2024 would have been approximately $50.4 million, or $1.44 per share. This represents an immediate decrease in net tangible book value of $0.14 per share to our existing stockholders and an immediate increase in net tangible book value of $0.43 per share to new investors, or approximately 43% of the assumed public offering price of $1.01 per share.

The following table illustrates this per share dilution to the new investor purchasing common shares in this offering:

| Offering price per common share                                                                                                          
 Historical net tangible book value per share as of September 30, 2024                                                                    
 Decrease per share attributable to equity issuances and financing proceeds between September 30, 2024 and January 3, 2025                
 Decrease in net tangible book value per share assuming the full exercise of the remaining prefunded warrants issued on November 19, 2024 |   | 1.78  
 (0.10 
 (0.10 | ) 
 ) |   | 1.01 |
|:-----------------------------------------------------------------------------------------------------------------------------------------|:--|:------|:--|:--|-----:|
| Decrease in net tangible book value per share attributable to this offering                                                              | $ | (0.14 | ) |   |      |
| As adjusted net tangible book value per share after giving effect to this offering                                                       |   |       |   | $ | 1.44