secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001628280-24-033782
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenidge enters up to $20M equity line with B. Riley; shares at 3% discount to VWAP
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- Agreement with B. Riley Principal Capital II allows Greenidge to sell up to $20M of newly issued common stock at its discretion.
- Per share purchase price equals VWAP minus a fixed 3% discount; minimum threshold price of $1.00.
- Shares are unregistered under Section 4(a)(2); company will file a registration statement for B. Riley's resale.
- Commitment fee of $200,000 (1% of commitment) paid in cash; $50,000 upfront and $150,000 withheld from purchases.
- Volume capped at 2,124,429 shares (19.99% of outstanding) unless stockholder approval or price above $2.73.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024033782/0001628280-24-033782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828024033782/gree-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033782

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