Core Viewpoint - Sphere 3D Corp. has announced a warrant inducement transaction that will generate approximately $4.0 million in gross proceeds through the immediate exercise of existing warrants at a reduced price [1][2]. Group 1: Transaction Details - The company entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants to purchase up to 4,368,211 shares of common stock at a reduced exercise price of $0.94 [1]. - The investor will receive new unregistered warrants to purchase up to 8,736,422 shares of common stock, also at an exercise price of $0.94, which will be exercisable upon stockholder approval [2]. - The closing of the transaction is expected to occur on or about October 17, 2025, subject to customary closing conditions [2]. Group 2: Financial Advisor and Compliance - A.G.P./Alliance Global Partners acted as the exclusive financial advisor for the transaction [3]. - The new warrants were offered in a private placement and have not been registered under the Securities Act, being available only to accredited investors [4].