ANY Sphere 3D Corp.
Price Chart
Executive Summary
Sphere 3D Corp. is seeking shareholder approval for a merger with Cathedra Bitcoin Inc. in a stock-for-stock transaction where Cathedra shareholders will receive Sphere shares, resulting in former Cathedra shareholders owning approximately 42% of the combined company. The deal requires multiple shareholder and court approvals.
Actionable Insight
Traders should monitor the shareholder votes scheduled for May 15, 2026, and the subsequent court approval process, as failure to secure approvals could derail the transaction. The deal represents a significant consolidation in the Bitcoin mining sector.
Key Facts
- Sphere 3D Corp. is acquiring Cathedra Bitcoin Inc. through a stock-for-stock transaction
- Cathedra shareholders will receive 0.123014 Sphere common shares for each Cathedra SV share and 12.3014 Sphere common shares for each Cathedra MV share
- Former Cathedra shareholders will own approximately 42% of the combined company on a fully diluted basis
- The transaction requires approval from both Sphere and Cathedra shareholders as well as court approval
- Rosenblatt Securities provided a fairness opinion that the arrangement is fair from a financial point of view to public holders of Sphere common shares
Financial Impact
Approximately 4,203,089 Sphere common shares (42% of outstanding shares on a fully diluted basis) will be issued to Cathedra shareholders
Risk Factors
- Failure to obtain required shareholder approvals from either company
- Court may not approve the arrangement
- Potential for termination fees of $500,000 if either party terminates under certain circumstances
Market Snapshot
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFM14A Filing (Primary) | 0001185185-26-001404 |
| Document: sphere3ddefm14a040226.htm | 0001185185-26-001404 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
9d ago
|
8-K
| $4.34 $4.04 | ▼ −6.91% | ▼ −4.34% | $2.83 (−34.79%) |
|
May 21, 2026
23d ago
|
8-K
| $1.93 $1.89 | ▼ −2.07% | ▼ −2.52% | $2.83 (+46.63%) |
|
May 15, 2026
28d ago
|
8-K
| $1.68 $1.80 | ▼ −7.14% | ▼ −7.79% | $2.83 (−68.45%) |
|
May 7, 2026
5w ago
|
8-K
| $1.82 $1.98 | ▲ +8.79% | ▲ +8.56% | $2.83 (+55.49%) |
|
May 4, 2026
5w ago
|
DEFA14A
| $1.47 $1.50 | ▲ +2.04% | ▲ +1.25% | $2.83 (+92.52%) |
|
Apr 16, 2026
8w ago
|
DEFM14A
| $1.51 $1.50 | ▼ −0.66% | ▼ −0.47% | $2.83 (+87.42%) |
|
Mar 9, 2026
13w ago
|
8-K
| $1.82 $1.83 | ▼ −0.55% | ▼ −0.73% | $2.83 (−55.49%) |
US Market Status
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