Sphere 3D’s board adopted a limited-duration shareholder rights plan, effective immediately, following what it described as substantial share accumulation.
The plan attaches one right to each common share outstanding at the effective time, with a record time set for Aug. 20, 2026.
Rights generally become exercisable if any person or group acquires 20% or more of outstanding common shares.
If triggered, eligible holders can buy additional common shares at a substantial discount; the plan expires Aug. 10, 2027 unless ended earlier.
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