debt
confidence high
sentiment negative
materiality 0.55
Greenidge tender/exchange retires just $334,525 of $38.4M senior notes due 2026
Greenidge Generation Holdings Inc.
- Only $276,225 tendered for cash; $58,300 exchanged for new 10.00% notes due 2030; total accepted $334,525 (0.87% of outstanding).
- New notes ($34,606 aggregate principal) to list on OTC Markets under 'GREEN'; no Nasdaq listing guaranteed.
- Outstanding principal after settlement remains $38,075,300, indicating bondholders largely rejected the offer.
- Conditions to offer satisfied or waived; settlement expected November 7, 2025.