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Sphere 3D (ANY) approves adoption of limited-duration shareholder rights plan

Newsfile Corp. +1 ·

  1. 1Sphere 3D (ANY) board approves adoption of a limited-duration shareholder rights plan (SRP)
  2. 2Each share of common stock entitles the holder to one right, exercisable upon accumulation of 20% or more, expiring August 10, 2027
  3. 3Aimed at ensuring equal treatment of shareholders and securing alternative negotiation opportunities in the event of an unsolicited takeover in response to large-scale accumulation of common stock

Source Newsfile Corp. +1 · View original ↗

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