Sphere 3D Registration Statement Declared Effective by SEC

Overland Storage, Inc., announced that the Registration Statement on Form F-4/A registration statement filed by Sphere 3D Corporation has been declared effective by the SEC.

Overland’s board of directors previously unanimously adopted and approved an agreement and plan of merger between Sphere 3D 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.

Notice to shareholders and proxy statement relating to the shareholder meeting filed with the SEC on November 7, 2014