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Greenidge Generation Announces Increase in Cash Tender Offer Price for Senior Notes Due 2026 and Extension of Tender/Exchange Offer
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 that it has amended and restated its previously announced concurrent tender and exchange offers (collectively, the “Tender/Exchange Offer” or the “Offer”) to exchange or to purchase, at the election of each holder, its outstanding 8.5% Senior Notes due 2026 (the “Old Notes”), which trade on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “GREEL”, as set forth in the Amended and Restated Offer to Purchase/Exchange, dated as of September 12, 2025 (as amended and restated, the “Amended Offer”). Capitalized terms used herein have the meaning given to them in the Amended Offer.\n\n\nPursuant to the Amended Offer, the Company (i) removed the Early Tender Premium; (ii) increased the purchase price of the Tender Option to $10.00 plus accrued and unpaid interest for each $25.00 principal amount of Old Notes tendered pursuant to the Tender Option; and (iii) extended the Expiration Date to 12:00 a.m., New York City time on Monday, September 29, 2025. Holders of Old Notes that validly tendered and did not withdraw their Old Notes as of 5:00 p.m., New York City time, on September 11, 2025 (the “Withdrawal Date”) do not need to take any further action to receive the increased purchase price for the Tender Option.\n\n\nAccording to the information provided to Greenidge by Computershare Trust Company, N.A., the exchange agent in connection with the Amended Offer, the following aggregate principal amount of the Old Notes set forth in the table below was validly tendered pursuant to the Tender Option and not properly withdrawn as of the Withdrawal Date:\n\n\n\n\nTitle of\nSecurity\n\n\n\n\n\n\nCUSIP Number\n\n\n\n\n\n\nPrincipal Amount\nOutstanding\n\n\n\n\n\n\nAggregate Principal\nAmount Validly\nTendered and Not\nProperly Withdrawn\nas of the Withdrawal\nDate\n\n\n\n\n\n\n\n\n8.50% Senior Notes Due 2026\n\n\n\n\n\n\n39531G209\n\n\n\n\n\n\n$44,353,500\n\n\n\n\n\n\n$3,972,675\n\n\n\n\n\n\n\nAccording to the information provided to Greenidge by Computershare Trust Company, N.A., the exchange agent in connection with the Offer, an aggregate principal amount of $1,375 of Old Notes have been validly tendered and not properly wi...