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Sphere 3d | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Hertford Advisors Ltd.(9.99%),Caravel Capital Fund Ltd.(9.99%), etc.

SEC announcement ·  Feb 13 07:25
Summary by Futu AI
On December 31, 2023, Sphere 3D Corp. experienced a significant filing event involving multiple reporting persons. Hertford Advisors Ltd., Caravel Capital Fund Ltd., Caravel Capital Investments, Inc., and Glen Gibbons, collectively known as the Reporting Persons, filed an Amendment No. 1 to Schedule 13G with the United States Securities and Exchange Commission. The filing indicates that each of the Reporting Persons may be deemed to beneficially own 9.99% of Sphere 3D's outstanding common shares. This ownership consists of 450,999 shares held directly and 1,128,000 shares issuable upon the conversion of certain Series H Preferred Shares. However, due to a Beneficial Ownership Limitation, the remaining Series H Preferred Shares are not currently exercisable. The Reporting Persons have disclaimed beneficial ownership of the shares they do not directly own, and the filing is not an admission of beneficial ownership for the purposes of Section 13(d) of the Exchange Act. The filing was certified as true and correct by the directors of the respective entities on February 12, 2024.
On December 31, 2023, Sphere 3D Corp. experienced a significant filing event involving multiple reporting persons. Hertford Advisors Ltd., Caravel Capital Fund Ltd., Caravel Capital Investments, Inc., and Glen Gibbons, collectively known as the Reporting Persons, filed an Amendment No. 1 to Schedule 13G with the United States Securities and Exchange Commission. The filing indicates that each of the Reporting Persons may be deemed to beneficially own 9.99% of Sphere 3D's outstanding common shares. This ownership consists of 450,999 shares held directly and 1,128,000 shares issuable upon the conversion of certain Series H Preferred Shares. However, due to a Beneficial Ownership Limitation, the remaining Series H Preferred Shares are not currently exercisable. The Reporting Persons have disclaimed beneficial ownership of the shares they do not directly own, and the filing is not an admission of beneficial ownership for the purposes of Section 13(d) of the Exchange Act. The filing was certified as true and correct by the directors of the respective entities on February 12, 2024.
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