SCHEDULE 13G: Armistice Capital and Steven Boyd Disclose 9.99% Stake in Sphere 3D Corp.

Armistice Capital, LLC and its managing member Steven Boyd have disclosed a beneficial ownership of 9.99% of Sphere 3D Corp.'s Common Shares as of December 31, 2024.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively referred to as the "Reporting Persons," have filed a Schedule 13G indicating their beneficial ownership in Sphere 3D Corp.
• As of December 31, 2024, the Reporting Persons beneficially own an aggregate of 2,583,718 Common Shares of Sphere 3D Corp.
• This ownership represents 9.99% of the total outstanding Common Shares of Sphere 3D Corp.
• Armistice Capital, LLC, a Delaware entity, is an investment adviser, while Steven Boyd, a U.S. citizen, is identified as a holding company and individual.
• Both reporting persons share voting and dispositive power over all 2,583,718 shares.
• The shares are held by Armistice Capital Master Fund Ltd., a Cayman Islands exempted company and an investment advisory client of Armistice Capital, which exercises voting and investment power over these securities.
• The acquisition and holding of these securities are stated to be in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news.

Future Outlook

This document is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Sphere 3D Corp.'s future performance or operations.

Industry Context

This filing is a standard disclosure of a significant passive investment stake by an institutional investor in a publicly traded company. It reflects an investment firm's position in Sphere 3D Corp. but does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which may influence market perception and trading activity.

Key Dates

Keywords

Sphere 3D Corp., Armistice Capital, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Shares, Investment Adviser, Institutional Investor, Equity Stake