The Company's Class A common stock will begin
trading on a split-adjusted basis on May 16,
2023
FAIRFIELD, Conn., May 15, 2023
/PRNewswire/ -- Greenidge Generation Holdings Inc. (NASDAQ: GREE)
("Greenidge" or the "Company"), a vertically integrated
cryptocurrency datacenter and power generation
company, today announced that its previously announced 1-for-10
reverse stock split (the "Reverse Stock Split") of the Company's
Class A common stock, par value $0.0001 per share will become effective as of
12:01 a.m. Eastern Time on
May 16, 2023. The Company's Class A
common stock will begin trading on a split-adjusted basis on The
Nasdaq Global Select Market when the markets open on May 16, 2023 under the existing trading symbol
"GREE" and new CUSIP number: 39531G 308.
The Reverse Stock Split affects all issued and outstanding
shares of Class A common stock. As a result of the Reverse Stock
Split, every 10 shares of the Company's issued and outstanding
Class A common stock will automatically combine into one share of
issued and outstanding Class A common stock. No fractional shares
will be issued as a result of the Reverse Stock Split. Any
fractional shares resulting from the Reverse Stock Split will be
rounded up to the nearest whole share of Class A common stock. The
Reverse Stock Split will affect all stockholders uniformly and will
not alter any stockholder's percentage interest in the Company's
outstanding Class A common stock, except for adjustments that may
result from the treatment of fractional shares, as described
above.
The terms of equity-based awards (including exercise price and
number of shares issued thereunder) are being proportionately
adjusted, in accordance with the terms of the applicable
agreement.
About Greenidge Generation Holdings Inc.
Greenidge
Generation Holdings Inc. (NASDAQ: GREE) is a vertically integrated
cryptocurrency datacenter and power generation
company.
For further information, please contact:
Investor Relations
investorrelations@greenidge.com
Media Inquiries
media@greenidge.com
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SOURCE Greenidge Generation Holdings Inc.
