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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 16, 2026
DARKHORSE TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
| British Columbia |
|
001-36532 |
|
98-1220792 |
| (State or other jurisdiction |
|
(Commission File Number) |
|
(IRS Employer |
| of incorporation) |
|
|
|
Identification No.) |
| 243 Tresser Blvd, 17th Floor |
| Stamford, Connecticut, United States 06901 |
| (Address of principal executive offices) (ZIP Code) |
| Registrant’s telephone number, including area code: (647) 952 5049 |
| Sphere 3D Corp. |
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: |
| Title of Each Class |
|
Trading Symbol(s) |
|
Name of Each Exchange on Which Registered |
| Common Shares |
|
DRK |
|
Nasdaq Capital Market |
| Common Shares Purchase Rights |
|
N/A |
|
Nasdaq Capital Market |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Introductory Note
Effective September 16, 2026,
DarkHorse Technologies Inc., formerly known as Sphere 3D Corp. (the “Company”), completed its previously announced continuance
(the “Continuance”) from the Province of Ontario to the Province of British Columbia. Upon completion of the Continuance,
the Company ceased to be governed by the Business Corporations Act (Ontario) (“OBCA”) and became governed by the Business
Corporations Act (British Columbia) (the “BCBCA”), and the Company’s legal name was changed from “Sphere 3D
Corp.” to “DarkHorse Technologies Inc.” As previously reported, the Continuance and the name change were approved by
the Company’s shareholders at the special meeting of shareholders held on August 24, 2026.
Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year.
In connection with the Continuance,
the Company adopted a new Notice of Articles and new Articles under the BCBCA (together, the “New Charter Documents”), effective
September 16, 2026, which replaced the Company’s articles and by-laws in effect under the OBCA.
A description of the New Charter
Documents, including a comparison of the rights of shareholders under the BCBCA and the OBCA, is set forth in the Company’s proxy
statement filed with the SEC on July 13, 2026, as supplemented on August 7, 2026, under the heading “Proposal No. 1 – Continuance
Proposal” and in Appendices A and B thereto, and is incorporated herein by reference.
Copies of the Notice of Articles
and Articles are filed as Exhibits 3.1 and 3.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On September 16, 2026, the
Company issued a press release announcing the effectiveness of the Continuance, the name change and the related ticker symbol change.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item
7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall
not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01 Other Events.
As disclosed above, the Company’s
name change to “DarkHorse Technologies Inc.” became effective on September 16, 2026. In connection with the name change, the
Company’s common shares began trading on the Nasdaq Capital Market under the new name and the new ticker symbol “DRK”
at the market open on September 17, 2026. In connection with the name change, the Company’s common shares have been assigned a new
CUSIP number, 236918108, replacing the prior CUSIP number, 84841L506. The name change and the change of ticker symbol do not affect the
rights of the Company’s security holders.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
Exhibit
Number |
|
Description |
| 3.1 |
|
Notice of Articles of DarkHorse Technologies Inc., effective September 16, 2026. |
| 3.2 |
|
Articles of DarkHorse Technologies Inc., effective September 16, 2026. |
| 99.1 |
|
Press Release dated September 16, 2026. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Date: September 17, 2026
| |
DARKHORSE TECHNOLOGIES INC. |
| |
|
|
| |
By: |
/s/ Joel Block |
| |
|
Joel Block |
| |
|
Chief Executive Officer |
Exhibit 99.1
Sphere 3D Completes Rebrand as DarkHorse Technologies
Inc., Marking Next Phase of Power-First AI Infrastructure Strategy
Stamford, Connecticut, September 16, 2026 -
DarkHorse Technologies Inc. (Nasdaq: ANY), formerly Sphere 3D Corp. (the “Company”), today announced that its corporate
name change has become effective, marking the next phase of the Company’s strategic repositioning toward AI and digital infrastructure.
The Company’s common shares are expected
to begin trading on Nasdaq under the new name and ticker symbol “DRK” at the market open on Thursday, September 17, 2026,
subject to Nasdaq procedures. Until then, the shares will continue to trade under “ANY.” The name change took effect upon
completion of the Company’s continuance from the Province of Ontario to the Province of British Columbia. As a result of the continuance,
the Company is now governed by the Business Corporations Act (British Columbia) in place of the Business Corporations Act (Ontario).
DarkHorse reflects the business management is
building—a more focused infrastructure platform centered on power-ready, distribution-connected sites in Tennessee and Kentucky.
The Company intends to concentrate on smaller footprint sites that can be advanced efficiently through modular development, while maintaining
a disciplined approach to capital deployment as customer demand is validated.
“DarkHorse is more than a new name; it marks
a clear line between the legacy perception of Sphere 3D and the infrastructure platform we are building,” said Joel Block, Chief
Executive Officer. “We are concentrating capital and management attention where we believe we can compete effectively: smaller,
power-ready sites with established utility relationships that sit outside the conventional hyperscale pipeline. As access to power and
time to deployment become increasingly important across AI infrastructure, we believe our existing footprint and utility relationships
give us a practical basis from which to compete. DarkHorse is a reflection of how we intend to operate. Compete where we have an edge,
find opportunities others overlook, move with discipline and let execution define the Company.”
The rebrand follows the Company’s strategic
review announced on September 8, 2026, which established a development focus on the Tennessee Valley Authority region and resulted in
agreements to divest the Company’s Iowa site and legacy mining fleet.
Shareholders approved the name change on August
24, 2026. In connection with the name change and continuance, the Company’s common shares have been assigned a new CUSIP number,
236918108, replacing the Company’s prior CUSIP number, 84841L506. Existing shareholders are not required to take any action; existing
share certificates representing common shares of Sphere 3D Corp. remain valid, and shares held through a broker or other nominee are expected
to reflect the change automatically.
About
DarkHorse Technologies Inc.
DarkHorse Technologies Inc. (Nasdaq: ANY), formerly
Sphere 3D Corp., is a digital infrastructure company focused on operating and expanding scalable power and data center assets for high-performance
computing, AI workloads and digital asset infrastructure. Following its business combination with Cathedra Bitcoin and upon completion
of the previously announced sale of its Iowa site, the Company expects to own and/or operate approximately 50 MW of operating power capacity
across four data center locations in Tennessee and Kentucky, and has a proposed new 50 MW data center under development in Kentucky, together
with a development pipeline of approximately 100 MW of additional potential expansion opportunities. The Company combines infrastructure
ownership, energy optimization expertise and capital markets access to pursue long-term value creation across next-generation compute
infrastructure.
The Company’s common shares are expected
to begin trading on Nasdaq under the symbol “DRK” beginning September 17, 2026.
For more information, visit www.darkhorse.inc.
Forward-Looking Statements
This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended,
and the Private Securities Litigation Reform Act of 1995, and forward-looking information within the meaning of applicable Canadian securities
laws. These statements include, without limitation, the anticipated commencement of trading under the new name and ticker symbol “DRK”
on the anticipated date, the expected assignment and effectiveness of the new CUSIP and ISIN, the Company’s development plans and
pipeline, potential AI and high-performance computing uses of the Company’s sites, none of which is contracted, and the expected
benefits of the Company’s strategy. Words such as “expects,” “plans,” “intends,” “anticipates,”
“will” and similar expressions identify forward-looking statements. These statements reflect current expectations, rest on
assumptions that may prove incorrect, and are subject to known and unknown risks and uncertainties that could cause actual results to
differ materially.
Relevant risks include Nasdaq procedures and transfer
agent and depository processing, any of which could delay or prevent the change of ticker symbol from occurring on the anticipated date
or at all; financing availability; customer commitments; power availability; zoning, permitting and other regulatory approvals; construction
costs and timing; and the risks described under “Risk Factors” in the Company’s filings with the U.S. Securities and
Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, available
at www.sec.gov. Development plans do not assure completed facilities or customer contracts. Forward-looking statements speak only as of
the date of this release, and the Company undertakes no obligation to update or revise them except as required by applicable law.
Investor Relations
Investor.relations@darkhorse.inc