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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.
Maxim Group LLC is acting as sole book-running manager in connection with the offering.
Sphere 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.
The 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
Sphere 3D Corporation: Sphere 3D Reports First Quarter Fiscal Year 2021 Financial Results
First Quarter 2021 Financial Results:
Our results for first quarter 2021 were as follows:
Revenue for the first quarter of 2021 was $0.9 million, compared to $1.0 million for the first quarter of 2020.
Gross margin for the first quarter of 2021 was 45.9%, compared to 45.8% for the first quarter of 2020.
Operating expenses for the first quarter of 2021 were $1.7 million, compared to $1.6 million for the first quarter of 2020.
Interest expense for the first quarter of 2021 was $509,000, compared to $9,000 for the first quarter of 2020.
Other income (expense), net for the first quarter of 2021 was $588,000 of expense, net, compared to $70,000 of income, net, for the first quarter of 2020.
Veteran Business Executive Shawn D. Rochester leads the sponsored SPAC
Toronto, Ontario (Newsfile Corp. - May 12, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D") announced the submission