Greenidge pays Atlas $1.37M in shares for letter-of-credit support; 8.5% quarterly interest

Greenidge Generation Holdings Inc.

Atlas maintains $8.6M in LCs for Greenidge's environmental trust and pipeline obligations until April/May 2025.
Greenidge issues 1.37M worth of Class A common stock as L/C Extension Payment within 7 business days.
Quarterly interest at 8.5% on $8.6M aggregate principal, also paid in shares, plus reimbursement of bank fees.
Share issuances capped at 19.99% of outstanding common stock; any excess payable in cash.
Atlas gets demand and piggyback registration rights for shares issued.

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