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Greenidge Generation Announces Expiration and Finals Results of Tender/Exchange Offer for Senior Notes Due 2026
PITTSFORD, N.Y.--(BUSINESS WIRE)-- Greenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency
About this update from Greenidge Generation Holdings Inc.
[{"type":"text","content":" PITTSFORD, N.Y.--(BUSINESS WIRE)--\nGreenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency datacenter and power generation company, today announced final results of its previously announced concurrent offers (collectively, the “Tender/Exchange Offer” or the “Offer”) to exchange or to purchase, at the election of each holder, its outstanding 8.50% Senior Notes due 2026 (the “Old Notes”), as set forth in the Offer to Purchase/Exchange, dated as of August 27, 2025 (as amended or supplemented from time to time, the “Offer to Purchase/Exchange”), which trade on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “GREEL.” The Tender/Exchange Offer expired at 12:00 a.m., New York City time, on September 29, 2025 (the “Expiration Date”). Capitalized terms use herein and otherwise undefined have the meaning ascribed to them in the Offer to Purchase/Exchange.\n\n\nAccording to the information provided to Greenidge by Computershare Trust Company, N.A., the exchange agent in connection with the Offer, the following aggregate principal amount of the Old Notes set forth in the table below was (i) validly tendered and not properly withdrawn (the “Tendered Notes”) as of the Expiration Date for cash in an amount equal to $10.00 for each $25.00 principal amount of Old Notes tendered, plus accrued and unpaid interest up to, but not including, the settlement date pursuant to the Tender Option; and (ii) validly tendered and not properly withdrawn (the “Exchanged Notes”) as of the Expiration Date for a new series of 10.00% Senior Notes due 2030 (the “New Notes”), in an amount equal to $11.00 principal amount of New Notes for each $25.00 principal amount of Old Notes exchanged, plus accrued and unpaid interest up to, but not including, the settlement date pursuant to the Exchange Option:\n\n\n\n\nTitle of Security\n\n\n\n\n\n\nCUSIP Number\n\n\n\n\n\n\nPrincipal Amount Outstanding\n\n\n\n\n\n\nAggregate Principal Amount of Tendered Notes Pursuant to the Tender Option\n\n\n\n\n\n\nAggregate Principal Amount of Tendered Notes Accepted Pursuant to the Tender Option\n\n\n\n\n\n\nAggregate Principal Amount of Exchanged Notes Pursuant to the Exchange Option1\n\n\n\n\n\n\nTotal Aggregate Principal Amount of Tendered Notes and Exchanged Notes Accepted Pursuant to Tender/Exchange Offer\...