Brief: Sphere 3D Corp Announces Agreement With Core Scientific

Darkhorse Technologies

23/01/2024 15:26

Jan 23 (Reuters) - Sphere 3D Corp  ANY.O :
    * SPHERE 3D CORP - SPHERE 3D ANNOUNCES AGREEMENT WITH CORE
SCIENTIFIC
    * SPHERE 3D CORP -  SPHERE 3D WILL RECEIVE $10,000,000 IN
EQUITY
OF CORE
    * SPHERE 3D CORP - CO WILL RECEIVE ACCESS TO POOL OF
ADDITIONAL
EQUITY, IF VALUE OF EQUITY DECREASES FROM PLAN VALUE
    * SPHERE 3D CORP -  TERMS OF SETTLEMENT AGREEMENT EXPRESSLY
DO NOT
WAIVE ANY CLAIM SPHERE HAS AGAINST GRYPHON
    * SPHERE 3D-SEEKING RECOVERY FROM GRYPHON
    * SPHERE 3D-DAMAGE RECOVERY RELATED TO GRYPHON'S FAILURE TO
FILE
TIMELY PROOF OF CLAIM BEFORE DEADLINE IN CORE BANKRUPTCY
PROCEEDING BEFORE FILING DEADLINE

Further company coverage:  ANY.O 

 ((Reuters.Briefs@thomsonreuters.com;))