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2021-09-03

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Sphere 3D stock pulls back sharply after share, warrant offering

MW Sphere 3D stock pulls back sharply after share, warrant offering Shares of Sphere 3D Corp. tumble

Sphere 3D stock pulls back sharply after share, warrant offering

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The company said before the opening bell that the offering to institutional investors to buy <a href=\"https://laohu8.com/S/AONE.U\">one</a> common share and one-half warrant to buy one common share priced at $8.50 each. The company said it will use the proceeds of the offering in part to fund the previously announced purchase of bitcoin mining machines. The offering takes advantage of the stock's recent rally. It soared 41.8% on Thursday to the highest close since March 2018, and had blasted 173.3% higher since the announcing of the purchase of bitcoin mining machines through Thursday. 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Sphere 3D stock pulls back sharply after share, warrant offering

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