… Harwood Feffer …

Harwood Feffer LLP is investigating potential claims against the board of directors of Overland Storage, Inc. concerning the proposed acquisition of the company by Sphere 3D Corporation.

Under the terms of the transaction, Sphere will acquire Overland for approximately $81 million. Overland Storage shareholders will receive 0.510594 common shares of Sphere, subject to certain potential adjustments, per share of Overland owned.

The investigation concerns whether the Overland board of directors is fulfilling its fiduciary duties, maximizing the value of the company, disclosing all material benefits and costs, and obtaining full and fair consideration for company shareholders.