secwatch.observer — SEC 8-K summary
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Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001628280-25-023241
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025023241/0001628280-25-023241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828025023241/gree-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023241

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