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On December 28, 2023, Sphere 3D Corp. announced the sale of its wholly-owned subsidiary, HVE Inc., to its former President, Joseph O'Daniel. This transaction is part of Sphere 3D's strategic shift towards the cryptocurrency business. The sale was made for nominal consideration, including all liabilities of HVE. Concurrently, Joseph O'Daniel resigned from his role as President of Sphere 3D. As part of his resignation, O'Daniel agreed to a revised compensation of $400,000, a combination of cash and common shares, paid in three installments, replacing a previous Retention Agreement. Additionally, O'Daniel entered into a Release Agreement with Sphere 3D, relinquishing any claims against the company and its related parties. The details of the Share Purchase Agreement were included as an exhibit in the company's Form 8-K filed with the SEC.
On December 28, 2023, Sphere 3D Corp. announced the sale of its wholly-owned subsidiary, HVE Inc., to its former President, Joseph O'Daniel. This transaction is part of Sphere 3D's strategic shift towards the cryptocurrency business. The sale was made for nominal consideration, including all liabilities of HVE. Concurrently, Joseph O'Daniel resigned from his role as President of Sphere 3D. As part of his resignation, O'Daniel agreed to a revised compensation of $400,000, a combination of cash and common shares, paid in three installments, replacing a previous Retention Agreement. Additionally, O'Daniel entered into a Release Agreement with Sphere 3D, relinquishing any claims against the company and its related parties. The details of the Share Purchase Agreement were included as an exhibit in the company's Form 8-K filed with the SEC.
2023年12月28日，Sphere 3D Corp. 宣佈將其全資子公司HVE Inc. 出售給其前總裁約瑟夫·奧丹尼爾。這筆交易是Sphere 3D向加密貨幣業務的戰略轉變的一部分。此次出售是以名義對價進行的，包括HVE的所有負債。同時，約瑟夫·奧丹尼爾辭去了Sphere 3D總裁的職務。作爲辭職的一部分，奧丹尼爾同意修改後的薪酬爲40萬美元，包括現金和普通股，分三期支付，取代之前的保留協議。此外，O'Daniel與Sphere 3D簽訂了發行協議，放棄了對該公司及其關聯方的任何索賠。股票購買協議的細節作爲附錄包含在該公司向美國證券交易委員會提交的8-K表格中。
2023年12月28日，Sphere 3D Corp. 宣佈將其全資子公司HVE Inc. 出售給其前總裁約瑟夫·奧丹尼爾。這筆交易是Sphere 3D向加密貨幣業務的戰略轉變的一部分。此次出售是以名義對價進行的，包括HVE的所有負債。同時，約瑟夫·奧丹尼爾辭去了Sphere 3D總裁的職務。作爲辭職的一部分，奧丹尼爾同意修改後的薪酬爲40萬美元，包括現金和普通股，分三期支付，取代之前的保留協議。此外，O'Daniel與Sphere 3D簽訂了發行協議，放棄了對該公司及其關聯方的任何索賠。股票購買協議的細節作爲附錄包含在該公司向美國證券交易委員會提交的8-K表格中。
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