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

Published 2020-09-14, 12:32 p/m
© Reuters.
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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

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