Company: ANY
Filing Date: 2025-11-21
Form Type: S-3
Source: 0001062993-25-016980
Chunk: 44

Company: Sphere 3D Corp.
Filing Date: 2025-11-21
Form: S-3
Chunk 44
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 and its affiliates owning, after exercise, a number of shares of common stock in excess of the beneficial ownership limitation. The address of Armistice Capital Master Fund Ltd. is c/o Armistice Capital, LLC, 510 Madison Avenue, 7th Floor, New York, NY 10022.

(2)This column lists the number of common shares beneficially owned by the Selling Stockholder, as of November 18, 2025, after giving effect to the Maximum Percentage. Without regard to the Maximum Percentage and the Initial Exercise Date, as of November 18, 2025, the Selling Stockholder would beneficially own an aggregate number of 11,118,463 common shares, which consists of (i) 8,736,422 common shares underlying Warrants held by the Selling Stockholder, all of which are being registered under this prospectus and (ii) 2,382,041 common shares.

(3)For the purposes of the calculations of common shares to be sold pursuant to the prospectus we are assuming the exercise in their entirety of the Warrants held by the Selling Stockholder without regard to any limitations set forth therein.

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(4)This column represents the amount of shares that will be held by the Selling Stockholder after completion of this offering based on the assumptions that (a) all securities registered for sale by the registration statement of which this prospectus is part of will be sold, and (b) no other common shares are acquired or sold by the Selling Stockholder prior to completion of this offering. However, the Selling Stockholder is not obligated to sell all or any portion of the common shares offered pursuant to this prospectus.

(5)The percentages in the table have been calculated on the basis of treating as outstanding for a particular person, all 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