Overland Storage (OVRL) 3.48 $OVRL
Cyrus Group of Funds Acquires Common Shares of Sphere 3D Corporation
Marketwired - Tue Dec 09, 6:54PM CST
Cyrus Capital Partners, L.P. ("CCP"
today announced that it has acquired indirect control over an aggregate of 5,915,807 common shares ("Common Shares" of Sphere 3D Corporation ("Sphere 3D" (NASDAQ: ANY), which Common Shares were acquired by FBC Holdings Sarl ("FBC" , Cyrus Opportunities Master Fund II, Ltd. ("CMF II" , CRS Master Fund LP ("CRS" , Crescent 1 LP ("CRES" , and Cyrus Select Opportunities Master Fund Ltd. ("CSOM", and together with CMF II, CRS, and CRES, the "Funds" pursuant to a series of transactions in connection with the merger of Sphere 3D with Overland Storage, Inc. (the "Sphere-Overland Merger" , as described in greater detail in the "early warning" report required to be filed in accordance with applicable Canadian securities laws. In addition, CCP has acquired indirect control over 135,975 common share purchase warrants of Sphere 3D ("Warrants" and US$19,500,000 in aggregate principal amount of convertible debentures ("New Debentures" entitling CCP, FBC, and the Funds to acquire, directly or indirectly, control over and/or beneficial ownership of, an aggregate 2,586,955 additional Common Shares upon the exercise of such Warrants and the conversion of such New Debentures. CCP is the investment manager of each of the Funds and FBC, and exercises sole discretion over all investment decisions made by each of them.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30)
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
CNW Group - Mon Dec 08, 4:15PM CST
A Deletion from the S&P/TSX Venture Composite and Venture Select Indices
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Merger Arbitrage Mondays - December 8, 2014
Asif Suria - Seeking Alpha - Mon Dec 08, 9:36AM CST
There was no change in merger activity last week with three new mergers announced and four deals closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal...
CY: 13.63 (+0.12), HE: 32.98 (-0.20), EMN: 72.56 (-3.15), ANY: 6.14 (+0.19), FRF: 9.97 (+0.04), TIPT: 7.66 (-0.25), TAM: 26.00 (+0.01), CNQR: 128.78 (-0.02), NEE: 100.81 (-1.67), AVNR: 16.95 (-0.02), SAP: 68.50 (-1.72), OVRL: 3.48 (-0.30), CODE: 31.31 (-0.11)
Overland Storage and Sphere 3D Complete Merger
Marketwired - Tue Dec 02, 7:32AM CST
Sphere 3D Corporation (TSX VENTURE: ANY) (NASDAQ: ANY), a leading provider of virtualization technology solutions, and Overland Storage(R), Inc., a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced the successful completion of their previously-announced merger. The transaction was previously approved by the boards of directors of both companies, and over 99% of Overland's shares voted at the special meeting of Overland's shareholders held on Nov. 28 were voted in favor of approving the merger.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Sphere 3D Releases Q3 2014 Results
GlobeNewswire - Mon Dec 01, 8:53AM CST
Sphere 3D Corporation (TSX-V:ANY) (Nasdaq:ANY) a virtualization technology solution provider, today announced its financial results for the quarter ended September 30, 2014 .
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Sphere 3D to Convert Outstanding Debt Into Equity
GlobeNewswire - Fri Nov 28, 4:06PM CST
Sphere 3D Corporation (TSX-V:ANY) (Nasdaq:ANY) (the "Company" or "Sphere 3D" , a virtualization technology solution provider, today announced that it intends to issue 333,333 common shares of the Company to FBC Holdings S.á.r.l., an affiliate to Cyrus Capital Partners ("Cyrus Capital" , in satisfaction of its US$2,500,000 guarantee of a convertible loan transaction between Overland Storage, Inc. ("Overland" and Cyrus Capital entered into on October 13, 2014. As a condition of entering into this loan transaction, Overland repaid existing indebtedness owing to the Company of US$2,500,000.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Overland Storage Announces Approval of Proposed Merger With Sphere 3D by the Shareholders of Overland
Marketwired - Fri Nov 28, 12:22PM CST
Overland Storage(R), Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle today announced that the proposed merger between Overland and Sphere 3D Corporation (NASDAQ: ANY) (TSX VENTURE: ANY), a virtualization technology solution provider, has been approved by the shareholders of Overland at the special meeting of Overland's shareholders held on November 28, 2014. Over 99% of Overland's shares voted at the meeting were voted in favor of approving the merger.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Overland Storage EPS of -$0.42
Seeking Alpha - at Seeking Alpha - Thu Nov 13, 5:51PM CST
OVRL: 3.48 (-0.30)
Overland Storage Reports First Quarter Fiscal 2015 Results
Marketwired - Thu Nov 13, 5:19PM CST
Overland Storage(R), Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today reported financial results for its fiscal 2015 first quarter ended September 30, 2014.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30)
Spectra Logic Prevails Against Overland Storage Patent
M2 - Thu Nov 13, 9:39AM CST
Spectra Logic today announced that it has prevailed in thwarting a patent infringement lawsuit brought in July 2012 by Overland Storage (NASDAQ:OVRL) under a contingency agreement with the law firm of DLA Piper. The outcome reaffirms Spectra Logic's contentions that the asserted patent claims are invalid based on the prior art.
OVRL: 3.48 (-0.30)
Overland Storage Announces Sphere 3D Registration Statement Declared Effective by Securities and Exchange Commission
Marketwired - Mon Nov 10, 8:03AM CST
Overland Storage(R), Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced that the Registration Statement on Form F-4/A registration statement filed by Sphere3D Corporation (NASDAQ: ANY) (TSX VENTURE: ANY) has been declared effective by the Securities and Exchange Commission (SEC). Overland's board of directors previously unanimously adopted and approved an Agreement and Plan of Merger between Sphere3D and Overland Storage, and shareholders will be asked to approve the merger at a meeting of shareholders on November 28, 2014. Certain Overland Storage shareholders holding approximately 65% of the outstanding Overland shares have agreed, pursuant to voting agreements, to vote their shares in favor of the merger, and as a result Overland expects the merger to be approved at the shareholder meeting, and completed during the first week in December. The Notice to Shareholders and Proxy Statement relating to the shareholder meeting was filed with the SEC on November 7, 2014 and is posted at http://bit.ly/13Tr6z0.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Overland Storage Strengthens Enterprise Scale-Out Solution With Software-Defined Storage Services for Virtualized Infrastructures
Marketwired - Tue Nov 04, 8:07AM CST
Overland Storage(R), Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced the availability of RAINcloud OS 4.1, its newest enterprise software for the company's market-proven SnapScale series of geographically-distributed, clustered scale-out data storage solutions that are optimized for cloud and distributed enterprise environments.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30)
Overland Storage(R) Reshapes Tape Automation Landscape With New NEO XL-Series Tape Libraries
Marketwired - Wed Oct 15, 8:03AM CDT
Overland Storage, Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced the availability of its new NEO(R) XL-Series family of automated tape libraries, combining flexibility, density, high-performance and best value for backup, archive and disaster recovery. With a scalable design that provides up to 3.5PB of data storage capacity with up to 8.6TB per hour data transfer rate performance, NEO XL-Series is the newest member of Overland's award-winning NEO family of tape libraries designed for midrange and enterprise businesses facing rapid data growth and the challenges associated with long-term data storage.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30)
Sphere 3D and Overland Merger Update
GlobeNewswire - Tue Oct 14, 8:25AM CDT
Sphere 3D Corporation (TSX-V:ANY) (Nasdaq:ANY) ("Sphere 3D" or the "Company" today announced an update of its proposed merger with Overland Storage, Inc. ("Overland" (Nasdaq:OVRL).
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Cyrus Group of Funds Acquires Common Shares of Sphere 3D Corporation
Marketwired - Tue Dec 09, 6:54PM CST
Cyrus Capital Partners, L.P. ("CCP"
today announced that it has acquired indirect control over an aggregate of 5,915,807 common shares ("Common Shares" of Sphere 3D Corporation ("Sphere 3D" (NASDAQ: ANY), which Common Shares were acquired by FBC Holdings Sarl ("FBC" , Cyrus Opportunities Master Fund II, Ltd. ("CMF II" , CRS Master Fund LP ("CRS" , Crescent 1 LP ("CRES" , and Cyrus Select Opportunities Master Fund Ltd. ("CSOM", and together with CMF II, CRS, and CRES, the "Funds" pursuant to a series of transactions in connection with the merger of Sphere 3D with Overland Storage, Inc. (the "Sphere-Overland Merger" , as described in greater detail in the "early warning" report required to be filed in accordance with applicable Canadian securities laws. In addition, CCP has acquired indirect control over 135,975 common share purchase warrants of Sphere 3D ("Warrants" and US$19,500,000 in aggregate principal amount of convertible debentures ("New Debentures" entitling CCP, FBC, and the Funds to acquire, directly or indirectly, control over and/or beneficial ownership of, an aggregate 2,586,955 additional Common Shares upon the exercise of such Warrants and the conversion of such New Debentures. CCP is the investment manager of each of the Funds and FBC, and exercises sole discretion over all investment decisions made by each of them. ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30)
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
CNW Group - Mon Dec 08, 4:15PM CST
A Deletion from the S&P/TSX Venture Composite and Venture Select Indices
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Merger Arbitrage Mondays - December 8, 2014
Asif Suria - Seeking Alpha - Mon Dec 08, 9:36AM CST
There was no change in merger activity last week with three new mergers announced and four deals closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal...
CY: 13.63 (+0.12), HE: 32.98 (-0.20), EMN: 72.56 (-3.15), ANY: 6.14 (+0.19), FRF: 9.97 (+0.04), TIPT: 7.66 (-0.25), TAM: 26.00 (+0.01), CNQR: 128.78 (-0.02), NEE: 100.81 (-1.67), AVNR: 16.95 (-0.02), SAP: 68.50 (-1.72), OVRL: 3.48 (-0.30), CODE: 31.31 (-0.11)
Overland Storage and Sphere 3D Complete Merger
Marketwired - Tue Dec 02, 7:32AM CST
Sphere 3D Corporation (TSX VENTURE: ANY) (NASDAQ: ANY), a leading provider of virtualization technology solutions, and Overland Storage(R), Inc., a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced the successful completion of their previously-announced merger. The transaction was previously approved by the boards of directors of both companies, and over 99% of Overland's shares voted at the special meeting of Overland's shareholders held on Nov. 28 were voted in favor of approving the merger.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Sphere 3D Releases Q3 2014 Results
GlobeNewswire - Mon Dec 01, 8:53AM CST
Sphere 3D Corporation (TSX-V:ANY) (Nasdaq:ANY) a virtualization technology solution provider, today announced its financial results for the quarter ended September 30, 2014 .
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Sphere 3D to Convert Outstanding Debt Into Equity
GlobeNewswire - Fri Nov 28, 4:06PM CST
Sphere 3D Corporation (TSX-V:ANY) (Nasdaq:ANY) (the "Company" or "Sphere 3D"
, a virtualization technology solution provider, today announced that it intends to issue 333,333 common shares of the Company to FBC Holdings S.á.r.l., an affiliate to Cyrus Capital Partners ("Cyrus Capital" , in satisfaction of its US$2,500,000 guarantee of a convertible loan transaction between Overland Storage, Inc. ("Overland" and Cyrus Capital entered into on October 13, 2014. As a condition of entering into this loan transaction, Overland repaid existing indebtedness owing to the Company of US$2,500,000. ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Overland Storage Announces Approval of Proposed Merger With Sphere 3D by the Shareholders of Overland
Marketwired - Fri Nov 28, 12:22PM CST
Overland Storage(R), Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle today announced that the proposed merger between Overland and Sphere 3D Corporation (NASDAQ: ANY) (TSX VENTURE: ANY), a virtualization technology solution provider, has been approved by the shareholders of Overland at the special meeting of Overland's shareholders held on November 28, 2014. Over 99% of Overland's shares voted at the meeting were voted in favor of approving the merger.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Overland Storage EPS of -$0.42
Seeking Alpha - at Seeking Alpha - Thu Nov 13, 5:51PM CST
OVRL: 3.48 (-0.30)
Overland Storage Reports First Quarter Fiscal 2015 Results
Marketwired - Thu Nov 13, 5:19PM CST
Overland Storage(R), Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today reported financial results for its fiscal 2015 first quarter ended September 30, 2014.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30)
Spectra Logic Prevails Against Overland Storage Patent
M2 - Thu Nov 13, 9:39AM CST
Spectra Logic today announced that it has prevailed in thwarting a patent infringement lawsuit brought in July 2012 by Overland Storage (NASDAQ:OVRL) under a contingency agreement with the law firm of DLA Piper. The outcome reaffirms Spectra Logic's contentions that the asserted patent claims are invalid based on the prior art.
OVRL: 3.48 (-0.30)
Overland Storage Announces Sphere 3D Registration Statement Declared Effective by Securities and Exchange Commission
Marketwired - Mon Nov 10, 8:03AM CST
Overland Storage(R), Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced that the Registration Statement on Form F-4/A registration statement filed by Sphere3D Corporation (NASDAQ: ANY) (TSX VENTURE: ANY) has been declared effective by the Securities and Exchange Commission (SEC). Overland's board of directors previously unanimously adopted and approved an Agreement and Plan of Merger between Sphere3D and Overland Storage, and shareholders will be asked to approve the merger at a meeting of shareholders on November 28, 2014. Certain Overland Storage shareholders holding approximately 65% of the outstanding Overland shares have agreed, pursuant to voting agreements, to vote their shares in favor of the merger, and as a result Overland expects the merger to be approved at the shareholder meeting, and completed during the first week in December. The Notice to Shareholders and Proxy Statement relating to the shareholder meeting was filed with the SEC on November 7, 2014 and is posted at http://bit.ly/13Tr6z0.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
Overland Storage Strengthens Enterprise Scale-Out Solution With Software-Defined Storage Services for Virtualized Infrastructures
Marketwired - Tue Nov 04, 8:07AM CST
Overland Storage(R), Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced the availability of RAINcloud OS 4.1, its newest enterprise software for the company's market-proven SnapScale series of geographically-distributed, clustered scale-out data storage solutions that are optimized for cloud and distributed enterprise environments.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30)
Overland Storage(R) Reshapes Tape Automation Landscape With New NEO XL-Series Tape Libraries
Marketwired - Wed Oct 15, 8:03AM CDT
Overland Storage, Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced the availability of its new NEO(R) XL-Series family of automated tape libraries, combining flexibility, density, high-performance and best value for backup, archive and disaster recovery. With a scalable design that provides up to 3.5PB of data storage capacity with up to 8.6TB per hour data transfer rate performance, NEO XL-Series is the newest member of Overland's award-winning NEO family of tape libraries designed for midrange and enterprise businesses facing rapid data growth and the challenges associated with long-term data storage.
ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30)
Sphere 3D and Overland Merger Update
GlobeNewswire - Tue Oct 14, 8:25AM CDT
Sphere 3D Corporation (TSX-V:ANY) (Nasdaq:ANY) ("Sphere 3D" or the "Company"
today announced an update of its proposed merger with Overland Storage, Inc. ("Overland" (Nasdaq:OVRL). ANY: 6.14 (+0.19), OVRL: 3.48 (-0.30), ANY.VN: 6.750 (-0.260)
