Executive Summary
- •The amended at-the-market facility authorizes the sale of 4,382,978 new common shares at an assumed $2.35 price.
- •Full utilization of this capacity would instantly expand the company's basic outstanding share count from 8,619,150 to 13,002,128.
- •Management expects roughly $9.9 million in net proceeds to fund operations as they deal with a documented liquidity squeeze.
Community Sentiment
Key Developments & Data
Bitcoin $BTC miner Sphere 3D prepares to dilute its shareholder base by 50.9%.
The amended at-the-market facility authorizes the sale of 4,382,978 new common shares at an assumed $2.35 price.
Full utilization of this capacity would instantly expand the company's basic outstanding share count from 8,619,150 to 13,002,128.
Management expects roughly $9.9 million in net proceeds to fund operations as they deal with a documented liquidity squeeze.
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