Sphere 3D Corp. Announces Proposed Name Change to DarkHorse Technologies Inc. and Reserves Nasdaq Ticker "DRK," Subject to Shareholder Approval
https://www.newsfilecorp.com/release/303392/S...r-Approval
Stamford, Connecticut--(Newsfile Corp. - June 30, 2026) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"
today announced that its Board of Directors has unanimously approved, and is submitting to shareholders for their approval, a proposed change of the Company's name to DarkHorse Technologies Inc. In connection with the proposed name change, the Company has reserved the ticker symbol "DRK" with Nasdaq for use upon shareholder approval and effectiveness of the name change.
The proposed name change reflects the Company's strategic approach to building AI and high-performance compute infrastructure for the American economy: identifying and contracting energized power capacity at sites overlooked by the conventional hyperscale pipeline, using modular construction to bring capacity online in under a year rather than the three to five years required by traditional builds, and operating at a footprint and resource profile designed to be welcomed by host communities.
"America's AI infrastructure buildout cannot rely on a single playbook of multi-billion-dollar campus projects with five-year construction cycles," said Joel Block, Chief Executive Officer of Sphere 3D. "DarkHorse reflects how we are positioning ourselves to build intelligence factories faster, in more places, with less community friction, and at the pace the moment requires."
Shareholder Approval Process. The proposed name change remains subject to approval by the Company's shareholders and is expected to be submitted for a vote at a special meeting of shareholders to be held on August 24, 2026. A proxy statement and related materials will be filed with the U.S. Securities and Exchange Commission and mailed to shareholders of record as of July 8, 2026. Having unanimously approved the proposed name change, the Board of Directors recommends that shareholders vote in its favor. The reserved ticker symbol "DRK" is expected to become effective on Nasdaq if and when shareholders approve the name change and it takes effect.
https://www.newsfilecorp.com/release/303392/S...r-Approval
Stamford, Connecticut--(Newsfile Corp. - June 30, 2026) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"
today announced that its Board of Directors has unanimously approved, and is submitting to shareholders for their approval, a proposed change of the Company's name to DarkHorse Technologies Inc. In connection with the proposed name change, the Company has reserved the ticker symbol "DRK" with Nasdaq for use upon shareholder approval and effectiveness of the name change. The proposed name change reflects the Company's strategic approach to building AI and high-performance compute infrastructure for the American economy: identifying and contracting energized power capacity at sites overlooked by the conventional hyperscale pipeline, using modular construction to bring capacity online in under a year rather than the three to five years required by traditional builds, and operating at a footprint and resource profile designed to be welcomed by host communities.
"America's AI infrastructure buildout cannot rely on a single playbook of multi-billion-dollar campus projects with five-year construction cycles," said Joel Block, Chief Executive Officer of Sphere 3D. "DarkHorse reflects how we are positioning ourselves to build intelligence factories faster, in more places, with less community friction, and at the pace the moment requires."
Shareholder Approval Process. The proposed name change remains subject to approval by the Company's shareholders and is expected to be submitted for a vote at a special meeting of shareholders to be held on August 24, 2026. A proxy statement and related materials will be filed with the U.S. Securities and Exchange Commission and mailed to shareholders of record as of July 8, 2026. Having unanimously approved the proposed name change, the Board of Directors recommends that shareholders vote in its favor. The reserved ticker symbol "DRK" is expected to become effective on Nasdaq if and when shareholders approve the name change and it takes effect.
