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Today's Brief

Cathedra Bitcoin Inc.

private/Sphere 3D Corp.private

Sphere 3D to Acquire Cathedra Bitcoin in Stock-for-Stock Transaction

StockVote Scheduledhigh confidence

Merger Arbeconomics, downside, days

Deal value

stock

Per-share offer

Premium

Days to close

Term fee

ConsiderationStock
AnnouncedApr 24, 2026
Days outstanding84d
Expected close
Termination fee
Reverse term fee
Go-shop period
Fiduciary out
Financing condition
Debt commitment
Insider lock-up

No structured deal economics extracted yet. Re-run the scanner or fall back to the source filing below.


Timelineannounced → close
  1. Announced

    Apr 24, 2026

  2. Preliminary Proxy

  3. Definitive Proxy

  4. Record date

  5. Shareholder vote

    May 15, 2026

  6. Expected close


Vote Mechanicsrecord / mailing / vote
Vote required63d post-vote
Vote dateMay 15, 2026
Record date
Mailing date
Record → vote
Thresholda majority of the votes cast by Sphere Shareholders present in person and by proxy at a special meeting of Sphere Shareholders
Min approvalparsed
Shares outstanding
Insider lock-up

Regulatory & ConditionsHSR / EU / CFIUS / MAC

No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.


Closing Conditionsapprovals · vote · financing · lockups
0 done · 1 pending · 1 total
  • Shareholder approval· at least 66 2/3% of the votes cast by holders of Cathedra SV Shares and holders of Cathedra MV Shares, voting as a single class

Interloper Riskcompeting bids, activist filers

No competing-bidder, activist, or dissident-proxy signals in the database for this target.


Advisors

No advisor data on record for this deal.


Sources

Sphere 3D Corp. has agreed to acquire all issued and outstanding shares of Cathedra Bitcoin Inc. in a stock-for-stock transaction pursuant to an Arrangement Agreement. Cathedra shareholders will receive 0.123014 Sphere Common Shares per subordinate voting share and 12.3014 Sphere Common Shares per multiple voting share, subject to a 7% ownership cap with excess consideration paid in Series I preferred shares. The transaction requires approval by at least 66 2/3% of votes cast by Cathedra shareholders and a majority of Sphere shareholders, with the Sphere shareholder meeting scheduled for May 15, 2026.

Item id: a4070ebc-3279-4362-a92b-9b661b2be0e2 · ingested Apr 24, 2026