Sphere 3D (ANY) Misses Q1 EPS by 3c

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Sphere 3D (ANY) Announces $4.1M Private Placement

May 13, 2015 4:59 PM EDT

Sphere 3D Corp. (NASDAQ: ANY) has signed definitive agreements for a private placement of 1,281,250 Common Shares of the Company and Warrants to purchase up to 1,281,250 Common Shares for a gross purchase price of approximately U.S.$4.1 million on May 13, 2015. The purchase price for one Common Share and a Warrant to purchase one Common Share is U.S.$3.20. The Warrants will have an exercise price of U.S.$4.00 per share, a five year term,... More