Greenidge exchange offer for 8.50% senior notes draws only 3.9% participation; new notes denied OTC listing

Greenidge Generation Holdings Inc.

Only $1.44M of $36.66M outstanding 8.50% Senior Notes (GREEL) tendered in exchange offer, a 3.9% participation rate.
Exchange terms: $25 principal of new 10.00% Senior Notes due 2030 plus 2 shares of common per $25 tendered.
Settlement expected April 10, 2026; Greenidge to issue ~$1.46M new notes and 114,890 shares.
FINRA denied OTC listing for new notes; company exploring alternatives but no assurance of trading.
$35.23M of old notes remain outstanding after the exchange.

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