Sphere 3D Regains Compliance with NASDAQ Minimum Bid Price Listing Requirements
November 21 2018 - 1:00PM
Sphere 3D Corp. (NASDAQ: ANY), a containerization, virtualization
and data management solution provider, today announced that it
received written notice from the Listing Qualifications Staff on
the Nasdaq Stock Market (“Nasdaq”) on November 20, 2018 indicating
that the Company has regained compliance with the minimum bid price
requirement under Nasdaq Listing Rule 5550(a)(2) for continued
listing on the Nasdaq Capital Market. Nasdaq considers the matter
closed.
About Sphere 3D
Sphere 3D Corp. (NASDAQ: ANY) delivers
containerization, virtualization, and data management solutions via
hybrid cloud, cloud and on-premise implementations through its
global reseller network and professional services organization.
Sphere 3D, along with its wholly owned subsidiaries, has a strong
portfolio of brands, including HVE ConneXions, dedicated to helping
customers achieve their IT goals.
For more information, visit www.sphere3d.com.
Follow us on Twitter @Sphere3D, @HVEconneXions.
Safe Harbor Statement
This press release contains forward–looking
statements, which include, among others, Sphere 3D’s expectations,
beliefs, plans, objectives, prospects, financial condition,
assumptions or future events or performance, that may involve
risks, uncertainties, and assumptions concerning the Company’s
business and products, including our ability to continue operations
without the business of our former subsidiary, Overland Storage,
Inc., our ability to raise additional capital through equity or
debt financings, the market adoption, actual performance and
functionality of our products; our inability to comply with the
covenants in associated with our preferred shares; any increase in
our future cash needs; our ability to maintain compliance with
NASDAQ Capital Market listing requirements; unforeseen and proposed
changes in the course of Sphere 3D’s business or the business of
its wholly–owned subsidiaries; the level of success of our
collaborations and business partnerships; possible actions by
customers, partners, suppliers, competitors or regulatory
authorities; and other risks detailed from time to time in our
periodic reports contained in our Annual Information Form and other
filings with Canadian securities regulators (www.sedar.com) and in
periodic reports filed with the United States Securities and
Exchange Commission (www.sec.gov). All forward–looking statements
speak only as of the date of this written communication. Sphere 3D
undertakes no obligation to update any forward–looking statement,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise, except as required by law.
Investor Contact:Kurt
Kalbfleisch+1-858-495-4211Investor.relations@sphere3d-overland.com
Sphere 3D (NASDAQ:ANY)
Historical Stock Chart
From Apr 2024 to May 2024
Sphere 3D (NASDAQ:ANY)
Historical Stock Chart
From May 2023 to May 2024