Company: ANY
Filing Date: 2025-11-21
Form Type: S-3
Source: 0001062993-25-016980
Chunk: 45

Company: Sphere 3D Corp.
Filing Date: 2025-11-21
Form: S-3
Chunk 45
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 may differ. Unless we have indicated otherwise, each person named in the table has sole voting power and sole investment power for the shares listed opposite such person's name.

<div align='center'>37

PLAN OF DISTRIBUTION</div>

We are registering the common shares issuable upon exercise of the Warrants to permit the resale of these common shares by the holder of the Warrants from time to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the Selling Stockholder of the common shares, although we will receive the conversion price and exercise price, as applicable, of the Warrants, respectively, to the extent not converted or exercised by the Selling Stockholder on a cashless exercise basis. We will bear all fees and expenses incident to our obligation to register the common shares.

The Selling Stockholder may sell all or a portion of the common shares held by them and offered hereby from time to time directly or through one or more underwriters, broker-dealers or agents. If the common shares are sold through underwriters or broker-dealers, the Selling Stockholder will be responsible for underwriting discounts or commissions or agent's commissions. The common shares may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale or at negotiated prices. These sales may be effected in transactions, which may involve crosses or block transactions, pursuant to one or more of the following methods:

●on any national securities exchange or quotation service on which the securities may be listed or quoted at the time of sale;

●in the over-the-counter market;

●in transactions otherwise than on these exchanges or systems or in the over-the-counter market;

●through the writing or settlement of options, whether such options are listed on an options exchange or otherwise;

●ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

●block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;

●purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

●an exchange distribution in accordance with the rules of the applicable exchange;

●privately negotiated transactions;

●short sales made after the date the Registration Statement is declared effective by the SEC;

●broker-dealers may agree with a selling security holder to sell a specified number of such shares at a stipulated price per share;

●a