SCHEDULE: Armistice Capital Boosts Sphere 3D Stake to 7.05%

Armistice Capital, LLC and Steven Boyd have increased their beneficial ownership in Sphere 3D Corp. to 7.05% of common shares.

Summary

• Armistice Capital, LLC and Steven Boyd collectively reported beneficial ownership of 1,996,000 common shares of Sphere 3D Corp.
• This ownership represents 7.05% of Sphere 3D Corp.'s common shares outstanding.
• The percentage is calculated based on 28,320,832 shares outstanding as of July 31, 2025, as reported in the Issuer's Form 10-Q filed on August 5, 2025.
• Armistice Capital, LLC, a Delaware entity, acts as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares.
• Steven Boyd, a U.S. citizen, is the managing member of Armistice Capital, LLC.
• Both reporting persons hold shared voting and shared dispositive power over the 1,996,000 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant and stable institutional investment, which is generally viewed positively as it suggests confidence from a professional investment manager. The non-activist nature of the stake (held in the ordinary course of business) also contributes to a positive sentiment.

Positives

• Increased institutional ownership by Armistice Capital and Steven Boyd may signal a vote of confidence in Sphere 3D Corp.'s future prospects.
• The filing indicates a stable, non-activist investment, as the shares are held in the ordinary course of business and not for control purposes.

Future Outlook

The filing does not contain forward-looking statements or guidance from the issuer, as it is a beneficial ownership report by an investor.

Industry Context

This Schedule 13G filing provides transparency into significant institutional ownership, a standard practice in the U.S. equity markets. Such disclosures are crucial for investors to track major shareholder positions and understand the composition of a company's ownership base, which can influence market perception and corporate governance dynamics.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially influencing market sentiment and perceived stability of the shareholder base.
• Management: Awareness of a large, non-activist institutional investor can influence strategic decisions, though the filing explicitly states the stake is not for control purposes.

Key Dates

Keywords

Sphere 3D Corp, Armistice Capital, Steven Boyd, Beneficial Ownership, Institutional Investment, Common Shares, SEC Filing, Schedule 13G, Investment Management