Brief: Sphere 3D Says Deal Amended To Change Ratio Of Sphere Stock To Be Received By Rainmaker Shareholders

Rainmaker Worldwide

14/09/2020 17:32

Sept 14 (Reuters) - Sphere 3D Corp  ANY.O :
    * SPHERE 3D - MERGER AGREEMENT HAS BEEN AMENDED TO CHANGE
RATIO OF
SPHERE 3D STOCK TO BE RECEIVED BY RAINMAKER SHAREHOLDERS
    * SPHERE 3D - HOLDERS OF RAINMAKER COMMON SHARES AND
PREFERRED
SHARES WILL EACH RECEIVE 1/15TH OF A SHARE OF SPHERE 3D PER
COMMON OR PREFERRED SHARE
    * SPHERE 3D - ALSO AGREED TO ADVANCE US$1.85 MILLION TO
RAINMAKER
BY WAY OF A SECURED CONVERTIBLE NOTE

Source text for Eikon:  ID:nGNX8jtbFc 
Further company coverage:  ANY.O 

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