Sphere 3D Raises $5 Million in Private Placement at $3.00 Per Unit; Warrants Priced at $3.50
Sphere 3D completed a $5.0 million private placement of 1,666,661 units at $3.00 per unit, each consisting of one common share and a five-year warrant exercisable at $3.50. Affiliates, including the chairman and CEO, participated for $1.0 million. Investors are subject to a six-month lock-up, thoug…
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