Corporate ActionJul 31, 2026, 04:14 PM

Sphere 3D Amends Sales Agreement, Adds Maxim Group, Ups ATM to $10.3M

AI Summary

Sphere 3D Corp. has entered into an Amended and Restated Sales Agreement with A.G.P./Alliance Global Partners and Maxim Group LLC. This agreement amends the original sales agreement to include Maxim Group LLC as an additional sales agent and increases the aggregate offering price for its "at the market" offering to $10,300,000. The previous offering, under which the company had sold approximately $5.13 million in common shares, has been terminated and superseded by this new agreement.

Key Highlights

Sphere 3D Corp. entered into an Amended and Restated Sales Agreement with A.G.P. and Maxim Group LLC.
Maxim Group LLC has been added as a sales agent to the agreement.
The new agreement allows for the sale of up to $10,300,000 in Common Shares through an "at the market" offering.
The previous sales agreement allowed for an offering price of up to $8,000,000.
Under the prior agreement, the company sold 2,172,789 Common Shares for approximately $5,131,036.
The offering under the prior prospectus supplement was terminated and superseded by the new agreement.

View SEC Filing

ANY

Finance: Consumer Services

Sphere 3D Corp.

Price Impact