Greenidge exchanges $5.5M of 8.5% notes for $1.925M cash; cumulative 16.6% of original $72.2M notes exchanged

Greenidge Generation Holdings Inc.

Exchanged $5,546,050 principal of 8.5% Notes due 2026 for $1,925,000 cash, a ~65% discount.
From Oct 2024 to May 2025, total $12,014,375 principal (16.6% of original $72.2M) exchanged for cash or stock.
Average exchange price ~$8.03 per $25 principal note based on May 6 stock price.
Company may pursue additional exchanges for remaining $60.2M notes but is not obligated.

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