Sphere 3D Corp. (ANY) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ANY currently has 3.77M outstanding shares. with significant dilution risk as 81.3M authorized shares could dilute existing holders by 2158.0%. The company has significantly diluted shareholders by 54.06% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Jun 03, 2026 |
8-K filing: Sphere completed an exchange of equity securities in connection with the Arrangement Agreement, including common shares, Series I preferred shares, restricted share units, and warrants. |
3.8M | 81M |
| Mar 27, 2026 |
10-K filing | 3.8M shares outstanding |
3.8M | 81M |
| Dec 22, 2025 |
8-K filing: Sphere 3D Corp. granted 500,000 restricted stock units to Tiah Reppas valued at $232,550, based upon the common share price on the date of grant of $0.4651. |
34M | 51M |
| Nov 21, 2025 |
S-3 filing: This is an S-3 filing for the registration of common shares by a selling stockholder. The filing outlines the terms of the offering, including potential underwriting arrangements and legal matters. |
34M | 51M |
| Nov 04, 2025 |
10-Q filing | 33.7M shares outstanding |
34M | 51M |
| Oct 17, 2025 |
8-K filing: Sphere 3D Corp. entered into a warrant inducement offer letter with a purchaser to exercise existing warrants and issue new warrants, potentially generating $4 million in gross proceeds. ($4.0M proceeds) |
28M | 57M |
| Aug 05, 2025 |
10-Q filing | 27.7M shares outstanding |
28M | 57M |
| May 14, 2025 |
10-Q filing | 27.2M shares outstanding |
27M | 58M |
| Apr 28, 2025 |
8-K filing: On April 22, 2025, Sphere 3D Corp. entered into an amended and restated employment agreement with Kurt Kalbfleisch, under which Mr. Kalbfleisch received 1,000,000 restricted stock units valued at $493,000 based upon a common share price of $0.493 on the date of the grant. ($0.49M proceeds) |
26M | 59M |
| Mar 28, 2025 |
10-K filing | 26.2M shares outstanding |
26M | 59M |
| Dec 19, 2024 |
S-3 filing: This S-3 filing outlines a registered direct offering of common shares and pre-funded warrants, as well as the offering of common shares issuable upon the exercise of outstanding common share purchase warrants. |
24M | 61M |
| Nov 21, 2024 |
8-K filing: Sphere 3D Corp. entered into a Securities Purchase Agreement to issue and sell 2,350,000 common shares and pre-funded warrants to purchase up to 1,875,353 common shares in a registered offering, and warrants to purchase up to 4,225,353 common shares in a concurrent private placement, with gross proceeds of approximately $6 million. |
21M | 56M |
| Nov 14, 2024 |
10-Q filing | 20.7M shares outstanding |
21M | 56M |
| Oct 10, 2024 |
S-3/A filing: This S-3/A filing reflects updates to the prospectus, including potential changes in the volume of securities offered within a 20% range of the maximum aggregate offering price. |
21M | 56M |
| Aug 27, 2024 |
S-3/A filing: Sphere 3D Corp. may offer and sell common shares, preferred shares, debt securities, warrants and units up to an aggregate offering price of $100,000,000. |
21M | 56M |
| Aug 13, 2024 |
S-3/A filing: Sphere 3D Corp. may offer and sell common shares, preferred shares, debt securities, warrants and units for up to $100,000,000. |
21M | 56M |
| Aug 13, 2024 |
10-Q filing | 20.9M shares outstanding |
21M | 56M |
| Jul 25, 2024 |
S-3/A filing: Sphere 3D Corp. may offer and sell from time to time common shares, preferred shares, debt securities, warrants and units in any combination from time to time in one or more offerings, at prices and on terms described in one or more supplements to this prospectus. The securities offered by this prospectus will have an aggregate offering price of up to $100,000,000. |
21M | 56M |
| May 13, 2024 |
10-Q filing | 16.6M shares outstanding |
17M | 19M |
| May 07, 2024 |
S-3/A filing: Sphere 3D Corp. files an S-3/A to offer common shares, preferred shares, and debt securities with an aggregate offering price of up to $100,000,000. |
18M | 17M |
| Apr 29, 2024 |
RW filing: The Registration Statement was filed in order to register for resale of up to 19,655,115 of the Registrant's common shares by the selling shareholders identified in the Registration Statement, which are issuable to them upon exercise of warrants held by them. |
18M | 18M |
| Mar 29, 2024 |
8-K filing: Sphere 3D Corp. amended employment agreements for the CEO and CFO, including salary adjustments and restricted stock unit grants. |
18M | 18M |
| Mar 13, 2024 |
10-K filing | 17.8M shares outstanding |
18M | 18M |
| Nov 13, 2023 |
10-Q filing | 14.4M shares outstanding |
14M | 22M |
| Aug 14, 2023 |
10-Q filing | 11.1M shares outstanding |
11M | 25M |
| Aug 14, 2023 |
8-K filing: Sphere 3D Corp. issued 13,764 Series H Preferred Shares and 1,966,292 Common Share Purchase Warrants to institutional investors for $3,500,000, and also issued 1,376 Series H Shares and 800,000 Warrants to Hertford Advisors Ltd. ($7.0M proceeds) |
450K | 36M |
| Jun 28, 2023 |
Stock Split
8-K filing: Stock split 1-for-7 | Outstanding: 3,162,500 → 451,785 |
450K | 36M |
| May 17, 2023 |
S-3 filing: This S-3 filing discusses the company's services and products, investment in a special purpose acquisition company (MEOA), and details regarding founder shares and private placement warrants. |
3.2M | 250M |
| May 11, 2023 |
10-Q filing | 72.0M shares outstanding |
72M | 180M |
| Apr 21, 2023 |
8-K filing: Sphere 3D Corp. entered into a Securities Purchase Agreement with LDA Capital Limited, issuing a Senior Convertible Promissory Note for $1,000,000 and a warrant to purchase up to 3,191,489 common shares. |
74M | 180M |
| Mar 31, 2023 |
10-K filing | 73.9M shares outstanding |
74M | 180M |
| Feb 09, 2023 |
S-3 filing: Sphere 3D Corp. may offer and sell common shares, preferred shares, debt securities, warrants and units up to an aggregate offering price of $100,000,000. |
72M | 180M |
| Mar 31, 2022 |
20-F filing | 63.6M shares outstanding |
64M | 0 |
| Aug 26, 2021 |
F-3 filing: Sphere 3D Corp. may offer and sell common shares, preferred shares, debt securities, warrants and units of Sphere 3D Corp. in any combination from time to time in one or more offerings, at prices and on terms described in one or more supplements to this prospectus. The securities offered by this prospectus will have an aggregate offering price of up to $250,000,000. |
7.9M | 9.9M |
| Apr 09, 2021 |
20-F filing | 7.9M shares outstanding |
7.9M | 9.9M |
| Mar 26, 2021 |
F-1 filing: This F-1 filing relates to the disposition of common shares and outlines the legal matters and expenses associated with the offering. |
6.9M | 11M |
| Nov 16, 2020 |
10-Q filing | 6.9M shares outstanding |
6.9M | 11M |
| Sep 29, 2020 |
8-K filing: Sphere 3D Corp. entered into an amendment to a share purchase agreement related to the issuance and sale of 3,000 Series E Convertible Preferred Shares for $3 million. ($3.0M proceeds) |
7M | 11M |
| Sep 18, 2020 |
8-K filing: Sphere 3D Corp. entered into a securities purchase agreement to issue and sell 3,000 shares of Series E Convertible Preferred Stock for $3 million, expected to close on or about September 30, 2020, subject to approvals. ($3.0M proceeds) |
7M | 11M |
| Aug 14, 2020 |
10-Q filing | 7.0M shares outstanding |
7M | 11M |
| Aug 07, 2020 |
8-K filing: Sphere 3D Corp. entered into a Share Purchase Agreement with Dale Allan Peters' 101250 Investments Ltd., issuing 480,000 common shares at $3.25 per share for a total purchase price of $1,560,000. Sphere also entered into a Promissory Note with Rainmaker Worldwide Inc., loaning $150,000 at 10% per annum. ($1.56M proceeds) |
5.5M | 12M |
| Jul 31, 2020 |
8-K filing: Sphere 3D Corp. entered into a Securities Purchase Agreement with Oasis Capital, LLC, receiving $500,000 and issuing a promissory note with an aggregate principal amount of $615,000 and 90,000 shares of common stock. ($0.5M proceeds) |
5.5M | 12M |
| Jul 17, 2020 |
8-K filing: Sphere 3D Corp. entered into a lock-up agreement with FBC Holdings S árl regarding 6,500,000 Series B Preferred Shares owned by FBC, restricting conversion into common shares until April 30, 2021, or 180 days after a Change of Control. |
5.5M | 12M |
| Jun 25, 2020 |
S-1/A filing: This S-1/A filing relates to the resale of common stock by selling stockholders, an equity line with Oasis Capital, and an offering of units consisting of convertible debentures and warrants. |
5.5M | 12M |
| Jun 24, 2020 |
10-Q filing | 5.5M shares outstanding |
5.5M | 19M |
| May 20, 2020 |
S-1 filing: This S-1 filing details the offering of common stock by selling stockholders, including shares underlying preferred stock, warrants, and agreements with Oasis Capital and ROK Consulting Inc. Also, describes a convertible note offering. |
4.6M | 20M |
| May 19, 2020 |
8-K filing: Sphere 3D Corp. entered into an $11 million equity purchase agreement with Oasis Capital, LLC, and issued 77,465 shares of Common Stock to Oasis Capital as a commitment fee. |
4.6M | 0 |
| May 14, 2020 |
10-K filing | 4.6M shares outstanding |
4.6M | 0 |
| May 04, 2020 |
8-K filing: Sphere 3D Corp. entered into a Securities Purchase Agreement to issue 847,000 shares of Series D Convertible Preferred Stock and warrants to purchase up to 847,000 shares of common stock in a private placement for $1,100,000. ($1.1M proceeds) |
N/A | 0 |
| Mar 27, 2020 |
8-K filing: Sphere 3D Corp. entered into subscription agreements for the purchase and sale of 725 units for aggregate gross proceeds of up to $725,000.00, with each unit consisting of a convertible debenture and a warrant to purchase common shares. ($1.45M proceeds) |
N/A | 0 |