secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2023-01-20T23:59:59+00:00
Accession:  0001628280-23-001359
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenidge receives waivers on ~$6.9M missed debt payments; cure deadline Jan 27, 2023
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- NYDIG waives default on ~$5.4M in missed payments (Dec 25, 2022 and Jan 10, 2023) if paid by Jan 27, 2023.
- B Riley waives default on ~$1.5M in missed payments (Dec 20, 2022 and Jan 20, 2023) if paid or amended by Jan 27, 2023.
- All other scheduled payments under both loan agreements remain unaffected by the waivers.
- Company executed limited waivers and amendments with both lenders on January 20, 2023.
- Failure to cure by Jan 27, 2023 would reinstate defaults and allow lenders to accelerate remedies and default interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828023001359/0001628280-23-001359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828023001359/gree-20230120.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-001359

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer