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Greenidge Generation Announces Senior Note Underwriters Will Exercise Option to Purchase Additional Notes
Underwriters Will Exercise Maximum Option of $5.2 Million Bringing Total Offering Size to $55.2 Million DRESDEN, N.Y., Oct. 13, 2021 /PRNewswire/ -- Greenidge
About this update from Greenidge Generation Holdings Inc.
[{"type":"text","content":"Underwriters Will Exercise Maximum Option of $5.2 Million Bringing Total Offering Size to $55.2 Million\n\n\nDRESDEN, N.Y., Oct. 13, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE) (\"Greenidge\") announced today that the underwriters for its previously announced public offering (the \"Offering\") of senior unsecured notes due 2026 (the \"Notes\") will exercise their option to purchase the maximum amount of additional Notes pursuant to the terms of the Offering. The underwriters have notified Greenidge that they will exercise an option to purchase an additional $5.2 million aggregate principal amount of Notes. The total size of the Offering, including the exercise of this option, will be $55.2 million and the transaction is expected to close today.\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 statements on Form S-1, as amended, which has been filed with the Securities and Exchange Commission (\"SEC\") and declared effective on October 8, 2021. Copies of the registration statement may be obtained on the SEC's website at www.sec.gov. When available, copies of the preliminary prospectus related to the Offering may be obtained from the offices of B. Riley Securities, Inc. by phone at (703) 312–9580 or by emailing [email protected].\nAbout Greenidge Generation Holdings Inc.Greenidge Generation Holdings Inc. (NASDAQ: GREE) is a vertically integrated bitcoin mining and power generation company. Greenidge is committed to 100% carbon-neutral bitcoin mining at all of its locations by utilizing low-carbon sources of energy and offsetting its carbon footprint. Greenidge currently operates one facility in upstate New York and expects to expand operations to a second location in South Carolina in the upcoming months, which is expected to source the majority of its electricity from zero-carbon sources. Support.com, a Greenidge subsidiary, is a leading provider of customer and technical support solutions delivered by home-based emp...