Overland Storage Inc. Prices Underwritten Public Offering of $6,400,000 Million of Common Stock

SAN DIEGO, CA — (Marketwire) — 03/23/12 — Overland Storage Inc. ("Overland") (NASDAQ: OVRL), a trusted global provider of effortless data management and data protection solutions across the data lifecyle, today announced the pricing of an underwritten public offering of 3,200,000 shares of its common stock at a price of $2.00 per share. Overland has also granted to the underwriter a 30-day option to acquire an additional 480,000 shares to cover overallotments in connection with th