Aug. 10, 2026 — Sphere 3D Corp. (NASDAQ: ANY) announced that its Board of Directors has approved a limited-duration shareholder rights plan (SRP) following what the Company described as a substantial accumulation of its common shares.
The rights plan, entered into with TSX Trust Company as rights agent and dated Aug. 10, 2026, is designed to help ensure shareholders are treated fairly in the event of an unsolicited takeover bid, creeping takeover or other attempt to acquire control of Sphere 3D.
According to the Company, the SRP also provides the Board with additional opportunity to identify, develop and negotiate potential value-enhancing strategic alternatives. Sphere emphasized that the plan is not intended to prevent the Board from considering an acquisition proposal it determines is in the best interests of shareholders.
Sphere 3D is among several actively watched stocks Monday alongside Jowell Global Ltd. (NASDAQ: JWEL), Steakholder Foods Ltd. (NASDAQ: STKH), Socket Mobile Inc. (NASDAQ: SCKT), Hertz Global Holdings, Inc. (NASDAQ: HTZ), TEN Holdings, Inc. (NASDAQ: XHLD) and Bitdeer Technologies Group (NASDAQ: BTDR). Bitdeer also moved into focus after reporting second-quarter results that exceeded revenue estimates, adding to investor attention across digital infrastructure, technology and other actively traded equities.
The development comes during a major strategic transition for Sphere 3D. The Company recently completed its business combination with Cathedra Bitcoin and is advancing plans to operate and expand scalable power and data center infrastructure supporting artificial intelligence (AI), high-performance computing (HPC) and digital asset computing.
Sphere is also moving toward its planned name change to DarkHorse Technologies, accompanied by new management and a new Board, as the Company focuses on expanding its power and digital infrastructure footprint and pursuing long-term growth opportunities across AI and HPC computing.
The Board said the shareholder rights plan provides appropriate protections as management executes the Company’s new strategy and seeks to create sustainable long-term shareholder value.
About Sphere 3D Corp. Sphere 3D Corp. (NASDAQ: ANY) is transitioning into a digital infrastructure company focused on scalable power and data center capacity. Following its business combination with Cathedra Bitcoin, the Company is pursuing opportunities across artificial intelligence, high-performance computing, data centers and digital asset computing. Sphere 3D is also progressing toward a planned corporate name change to DarkHorse Technologies, reflecting its evolving infrastructure strategy.
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