Sphere 3D Corp. Shareholder Meeting Results

Sphere 3D Corp. held a Special Meeting of Shareholders on May 15, 2026, where shareholders approved key proposals related to a business combination with Cathedra Bitcoin Inc. The approved proposals include the issuance of Sphere 3D common shares to Cathedra shareholders, fixing the board size at five directors, electing five nominees to the new board, amending the 2025 Performance Incentive Plan to increase the number of shares available for issuance, and approving a share consolidation. The transaction is expected to close on June 1, 2026, after which the combined company will operate over 50 megawatts of power infrastructure and will have no outstanding debt. The company is also evaluating its existing infrastructure for potential AI and high-performance computing applications.