Sphere 3D Corp.'s board adopted a limited-duration shareholder rights plan (poison pill) to protect against unsolicited takeovers and creeping acquisitions following the substantial accumulation of common shares. One right attaches to each outstanding voting share as of the record time on August 20, 2026. The rights trigger if an acquiring person accumulates 20% or more of the company's voting shares. Upon triggering, non-acquiring holders may purchase additional shares at a substantial discount to market price. The plan expires on August 10, 2027, unless redeemed or exchanged earlier. Sphere 3D Corp. operates scalable power and data center assets for high-performance computing, AI workloads, and digital asset infrastructure.
