regulatory
confidence high
sentiment negative
materiality 0.50
Greenidge Generation Holdings Inc. (GREE): Nasdaq/NYSE listing notice — Greenidge receives Nasdaq notice for audit committee non-compliance after director resignation
Greenidge Generation Holdings Inc.
- Kenneth Fearn resigned from Board and audit committee effective April 15, 2026, leaving only two independent directors.
- Nasdaq confirmed non-compliance with Listing Rule 5605(c)(2)(A) requiring at least three independent audit committee members.
- Cure period runs until earlier of next annual meeting or April 15, 2027; if annual meeting before Oct 12, 2026, then by Oct 12, 2026.
- Board is actively recruiting a new independent director to serve on audit committee.
- No immediate impact on trading of Class A common stock (GREE) or Senior Notes (GREEL).