secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001628280-24-005237
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenidge raises $6M from Armistice Capital; issues shares, pre-funded warrants, and 5-year warrants
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- Armistice bought 450,350 shares + pre-funded warrant for 810,025 shares at $4.76/share, gross proceeds $6M.
- Greenidge also issued a 5-year warrant to Armistice for 1,260,505 shares at $5.25/share, exercisable from Aug 2024.
- Preliminary Q4 2023 net income of $1.4M-$2.4M; adjusted EBITDA $1.6M-$2.6M; EPS $0.18-$0.32.
- Company reduced total debt by $85.3M (over 54%) in 2023.
- Proceeds to fund expansion into low-cost power centers, bitcoin mining, EPCM, and AI/data center infrastructure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024005237/0001628280-24-005237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024005237/gree-20240212.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-005237

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