Greenidge Generation announces 1-for-10 reverse stock split effective May 16, 2023

Greenidge Generation Holdings Inc.

Reverse stock split at 1:10 ratio effective 12:01 a.m. ET on May 16, 2023.
Class A common stock to trade on split-adjusted basis under GREE with new CUSIP 39531G 308.
No fractional shares issued; fractions rounded up to nearest whole share.
Equity-based awards proportionately adjusted per applicable agreements.
All stockholders affected uniformly; percentage ownership unchanged except for fractional rounding.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Greenidge Generation Holdings Inc.: Reverse stock split of Class A and Class B common stock at a 1-for-10 ratio (effective 2023-05-16).

Change: charter amendment
Effective: 2023-05-16

Exact text from the filing

Greenidge Generation Holdings Inc. (the "Company") today announced that a Certificate of Amendment to its Certificate of Incorporation (the "Charter Amendment") was filed with the Secretary of State of the State of Delaware to effect a reverse stock split of the Company’s issued and outstanding Class A common stock, par value $0.0001 per share (the "Class A common stock") and Class B common stock, par value $0.0001 per share (the "Class B common stock", together with the Class A common stock, the "Common Stock"), together, such that all outstanding shares of Common Stock shall be reclassified into a smaller number of shares such that every ten (10) shares of Class A common stock are combined and reclassified into one (1) share of Class A common stock and every ten (10) shares of Class B common stock are combined and reclassified into one (1) share of Class B common stock (the "Reverse Stock Split"), which will become effective as of 12:01 a.m. Eastern Time on May 16, 2023.

View on SEC.gov

Browse all governance changes →

Greenidge Generation Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-018079

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.