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Sphere 3D Corp. Announces Pricing of $7.0 Million Public Offering of Common Shares
Toronto, Ontario--(Newsfile Corp. - May 24, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced today the pricing of its
About this update from Sphere 3d Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 24, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the \"Company\" or \"Sphere 3D\") announced today the pricing of its underwritten public offering of 5,600,000 common shares at a price to the public of $1.25 per share for gross proceeds of $7.0 million.\nMaxim Group LLC is acting as sole book-running manager in connection with the offering.\nSphere 3D also has granted the underwriters a 45-day option to purchase up to an additional 840,000 common shares, at the public offering price less discounts and commissions. The offering is expected to close on or about May 27, 2021, subject to customary closing conditions.\nThe common shares described above are being offered by the Company pursuant to a Registration Statement on Form F-1 (Registration No. 333-254742), as amended, previously filed with and subsequently declared effective by the Securities and Exchange Commission (\"SEC\"). A prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the prospectus relating to this offering, when available, may be obtained from Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, (212) 895-3745.\nForward-Looking Statements:\nThe above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as \"anticipate,\" \"appear,\" \"believe,\" \"could,\" \"estimate,\" \"expect,\" \"hope,\" \"indicate,\" \"intend,\" \"likely,\" \"may,\" \"might,\" \"plan,\" \"potential,\" \"project,\" \"seek,\" \"should,\" \"will,\" \"would,\" and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future ...