Sphere 3D Regains Compliance with NASDAQ Minimum Bid Price Listing Requirements
July 27 2017 - 6:30AM
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 July 26, 2017 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-premises implementations through its global reseller network and
professional services organization. Sphere 3D, along with its
wholly owned subsidiaries Overland Storage, and Tandberg
Data, has a strong portfolio of brands, including HVE
ConneXions and UCX ConneXions, dedicated to helping
customers achieve their IT goals. For more information,
visit www.sphere3d.com. Follow us on
Twitter @Sphere3D, @overlandstorage,
and @tandbergdata.
Safe Harbor StatementThis press
release contains forward-looking statements that involve risks,
uncertainties, and assumptions that are difficult to predict.
Actual results and the timing of events could differ materially
from those anticipated in such forward-looking statements as a
result of risks and uncertainties, including our inability to
comply with the covenants in our credit facilities or to obtain
additional debt or equity financing; any increase in our future
cash needs; our ability to successfully integrate the UCX and HVE
ConneXions business with Sphere 3D's other businesses; our
ability to maintain compliance with NASDAQ Capital Market listing
requirements; unforeseen changes in the course of Sphere 3D’s
business or the business of its wholly-owned subsidiaries,
including, without limitation, Overland Storage and Tandberg Data;
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 Sphere 3D’s periodic reports contained in our
Annual Information Form and other filings with Canadian securities
regulators (www.sedar.com) and in prior periodic reports filed with
the United States Securities and Exchange Commission (www.sec.gov).
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.
Contact Information:
Investor Relations
Lauren Sloane
The Blueshirt Group
Tel: +1 414-217-2632
lauren@blueshirtgroup.com
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