Sphere 3D (ANY) Prices 4.23M Share Offering at $1.42/sh
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Sphere 3D Corp. Announces Pricing of $6 Million Registered Direct Offering and Concurrent Private Placement
November 20, 2024 8:02 AM ESTStamford, Connecticut--(Newsfile Corp. - November 20, 2024) - Sphere 3D Corp (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a Bitcoin mining company operating at an industrial scale, today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 4,225,353 of its common shares (or common share equivalents in lieu thereof) in a registered direct offering at a purchase price of $1.42 per share (the "Registered Offering").
In a concurrent private placement (the "Private Placement" and together with the Registered Offering, the "Offerings"), the... More
