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.
