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0 0.029810298102981 0.029810298102981 -0.00271002710027107 0.024390243902439 -0.0189701897018971 -0.0501355013550136 -0.0189701897018971
Stock impact report

Sphere 3D Announces Agreement with Core Scientific [Yahoo! Finance]

Sphere 3D Corp. - Common Shares (ANY) 
NASDAQ:AMEX Investor Relations: investors.sphere3d.com
Company Research Source: Yahoo! Finance
leading carbon-neutral Bitcoin mining company has reached a settlement agreement (the "Settlement Agreement") with Core Scientific, Inc. (together with its affiliates, "Core") which was approved by United States Bankruptcy Judge Christopher M. Lopez on January 16, 2024 as part of Core's emergence from bankruptcy. Pursuant to the Settlement Agreement: Sphere 3D will receive $10,000,000 in equity of Core; Sphere 3D will receive access to a pool of additional equity, if the value of the equity decreases from plan value; and Sphere 3Dand Core have mutually released claims against each other, but have expressly preserved Sphere 3D's claims against Gryphon Digital Mining, Inc. ("Gryphon"). Sphere 3D reached an agreement with Core for $10,000,000 of equity which will be available for trading upon Core's Effective date. The Settlement Agreement includes access to potential additional funds for interest as well as an additional equity pool if the value of Core's equity decreases in the Show less Read more
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