Sphere 3D Gains 16% As It Names Patricia Trompeter CEO

Shares of Sphere 3D Corp. (ANY) are gaining over 16% on Tuesday morning after the company announced that Patricia Trompeter will become its new CEO and Duncan McEwan will transition to be Chairman of the Board of Directors.

ANY is currently trading at $2.5197, up $0.3497 or 16.1152%, on the Nasdaq.

Peter Tassiopoulos, former CEO of Sphere 3D, will work closely with Ms. Trompeter and the board to ensure a smooth transition and remain engaged as a consultant for one year. The changes are effective April 5, 2022.

On Monday, Sphere 3D and Gryphon Digital Mining, Inc. mutually agreed to terminate their merger agreement announced on June 3, 2021, and as amended on December 29, 2021.

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