Business
Greenidge Generation Announces Public Offering of Senior Unsecured Notes Due 2026
DRESDEN, N.Y., Oct. 5, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) ("Greenidge") today announced that it plans to offer $40 million
About this update from Greenidge Generation Holdings Inc.
[{"type":"text","content":"DRESDEN, N.Y., Oct. 5, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) (\"Greenidge\") today announced that it plans to offer $40 million in aggregate principal amount of senior unsecured notes due 2026 (the \"Notes\") in a registered underwritten public offering (the \"Offering\"). Greenidge intends to use the net proceeds from the Offering for general corporate purposes, including funding capital expenditures, future acquisitions, investments and working capital and repaying indebtedness. The Notes will be issued in minimum denominations of $25.00 and integral multiples of $25.00 in excess thereof. Greenidge and the Notes have been rated B by Egan-Jones Ratings Company, an independent rating agency.\nIn connection with the Offering, Greenidge has applied to list the Notes on the Nasdaq Global Select Market (\"Nasdaq\") under the symbol \"GREEL.\" If approved for listing, trading on Nasdaq is expected to commence within 30 days after the Notes are first issued. \nB. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc., William Blair & Company, L.L.C. and Northland Securities, Inc. will act as joint book-running managers for the Offering. EF Hutton, division of Benchmark Investments, LLC will act as lead manager for the Offering. Aegis Capital Corp., Colliers Securities LLC, Maxim Group LLC, Wedbush Securities Inc. and B.C. Ziegler & Company will act as co-managers for the Offering.\nThis press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes may only be offered and sold under Greenidge's registration statement on Form S-1, which has been filed with the Securities and Exchange Commission (\"SEC\") but has not yet become effective. The Notes may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Copies of the registration statement may be obtained on the SEC's website at www.sec.gov, or by contacting B. Riley Securities, Inc. by phone at (703) 312–9580 or by emailing [email protected].\nAbout Greenidge Generation Holdings Inc.\nGree...