secwatch.observer — SEC 8-K summary
======================================

Issuer:     Greenidge Generation Holdings Inc. (GREE)
CIK:        0001844971
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001628280-26-024499
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844971/000162828026024499/0001628280-26-024499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844971/000162828026024499/gree-20260409.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-024499

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