Greenidge Generation Holdings Inc. announced the expiration and final results of its exchange offer for 8.50% Senior Notes due 2026, with $1,436,125 principal tendered and accepted for exchange into new 10.00% Senior Notes due 2030 and Class A Common Stock.
Key takeaways
Exchange offer for 8.50% Senior Notes due 2026 expired April 8, 2026, with $1,436,125 of $36,663,875 outstanding principal validly tendered.
Holders of exchanged notes receive $25 principal of 10.00% Senior Notes due 2030 and 2 shares of Class A Common Stock per $25 of old notes, plus accrued interest.
Post-exchange, outstanding old notes reduced to $35,227,750; expects to issue ~$1,459,689 new notes and 114,890 shares on April 10, 2026 settlement.
FINRA denied Nasdaq symbol for new notes; company evaluating OTC Markets trading alternatives with no assurances of liquidity.
Old notes trade under GREEL on Nasdaq Global Select Market.