Sphere 3D Corp. (ANY)

[OhManIDied]

I can see how this may be a negative development for someone who is holding $3+ but for anyone buying below $2, it seems like a fine deal. It won't affect the awesome risk:reward from current prices substantially.

Otherwise, it does seem a bit steep but in return for steady, consistent, and reliable financing - and perhaps one of the last rounds the company will need - it's not terrible.

The company agreed to reduce the conversion price of Cyrus's existing debenture from $7.50 to $3.00

THAT IS ON $19.5 MILLION IN DEBT.

So instead of converting to 2.6M shares, those Cyrus convertible debentures now convert into 6.5 million shares!!!

ANY