Sphere 3D Corp. Announces Shareholder Approval of Name Change to DarkHorse Technologies Inc.

Shareholders Approve Rebrand Reflecting Company's Strategic Direction in AI and High-Performance Computing Infrastructure

Stamford, Connecticut--(Newsfile Corp. - August 24, 2026) - Sphere 3D Corp. (NASDAQ: ANY) ("Sphere 3D" or the "Company"), a digital infrastructure company, today announced that its shareholders have overwhelmingly approved the previously announced change of the Company's name to DarkHorse Technologies Inc. at the Company's special meeting of shareholders held today. Sphere 3D previously reserved the Nasdaq ticker symbol "DRK" in connection with the name change.

The name change reflects the Company's strategic direction focused on developing AI and high-performance computing infrastructure by identifying and contracting energized power capacity, deploying modular infrastructure designed to shorten development timelines and pursuing smaller-footprint sites that can be developed in collaboration with local communities.

The Company will immediately begin doing business as "DarkHorse Technologies" and intends to launch its new website and branding under that name. The legal name change to DarkHorse Technologies Inc. will become effective upon the Company's continuance from Ontario to British Columbia, which is expected to occur in the coming weeks following completion of the remaining customary regulatory and administrative steps. The Company intends to begin trading on Nasdaq under its new ticker symbol "DRK" promptly following the name change, subject to applicable Nasdaq procedures. Until that time, the Company's common shares will continue to trade on Nasdaq under the ticker symbol "ANY." No further action is required by existing stockholders with respect to the planned name and ticker symbol changes. The Company looks forward to finalizing this process as soon as possible and beginning its next chapter as DarkHorse Technologies Inc. under the "DRK" ticker symbol.

"Today's shareholder approval marks an important milestone for our company," said Joel Block, Chief Executive Officer. "DarkHorse represents how we intend to compete: finding opportunities others overlook, moving with speed and discipline, and building AI and high-performance computing infrastructure in opportune places. We are excited to be building the premier company for the next generation of compute infrastructure."

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