Sphere 3D Corp., a technology company based in Toronto, Canada, has officially requested the withdrawal of its Registration Statement on Form S-3, initially filed on May 17, 2023, with the U.S. Securities and Exchange Commission (SEC). The company had intended to register for resale up to 19,655,115 common shares by identified selling shareholders, which were issuable upon the exercise of warrants. However, Sphere 3D has decided to cancel 40% of these warrants, and the remaining shares are now eligible for sale under Rule 144. As no securities have been sold under the Registration Statement, which was also not declared effective by the SEC, the company believes that withdrawing the Registration Statement is in the public interest and protects investors. Sphere 3D has also requested that the fees paid for the filing be credited for future use. The withdrawal is effective immediately or as soon as practicable.

Sphere 3D Corp., a technology company based in Toronto, Canada, has officially requested the withdrawal of its Registration Statement on Form S-3, initially filed on May 17, 2023, with the U.S. Securities and Exchange Commission (SEC). The company had intended to register for resale up to 19,655,115 common shares by identified selling shareholders, which were issuable upon the exercise of warrants. However, Sphere 3D has decided to cancel 40% of these warrants, and the remaining shares are now eligible for sale under Rule 144. As no securities have been sold under the Registration Statement, which was also not declared effective by the SEC, the company believes that withdrawing the Registration Statement is in the public interest and protects investors. Sphere 3D has also requested that the fees paid for the filing be credited for future use. The withdrawal is effective immediately or as soon as practicable.