---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-002834"
form_type: "8-K"
ticker: "GREE"
cik: "0001844971"
company_name: "Greenidge Generation Holdings Inc."
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:27:22.802634+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-002834
- form_type: 8-K
- ticker: GREE
- cik: 0001844971
- company_name: Greenidge Generation Holdings Inc.
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844971/000162828025002834/0001628280-25-002834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844971/000162828025002834/gree-20250124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-002834
- JSON: https://secwatch.observer/filing/0001628280-25-002834.json
- Plain text: https://secwatch.observer/filing/0001628280-25-002834.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.