Loan & DebtJun 4, 2026, 04:13 PM
Greenidge Exchanges $2.09M Senior Notes for 1.16M Class A Shares
AI Summary
Greenidge Generation Holdings Inc. entered into privately negotiated exchange agreements on May 29 and June 1, 2026. The company issued an aggregate of 1,162,221 shares of its Class A Common Stock in exchange for $2,089,400 aggregate principal amount of its 8.50% Senior Notes due October 2026. Greenidge continues to seek opportunities to satisfy the remaining $33,138,350 outstanding principal amount of these notes through similar non-cash consideration.
Key Highlights
- Greenidge exchanged $2,089,400 aggregate principal of 8.50% Senior Notes.
- The company issued 1,162,221 shares of Class A Common Stock.
- The transactions occurred on May 29 and June 1, 2026.
- Remaining outstanding 8.50% Senior Notes total $33,138,350.
- The exchange was privately negotiated under Section 3(a)(9) of the Securities Act.
Price Impact
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