Greenidge launches exchange offer for 8.5% notes due 2026; offers new 10% notes plus 2 shares early premium

Greenidge Generation Holdings Inc.

Exchange offer for $36.7M outstanding 8.50% Senior Notes due 2026; new 10.00% Senior Notes due 2030.
Early exchange by March 25: $25 principal of new notes plus 2 shares of Class A common per $25 old notes.
Premium of ~45% to 60-day VWAP of old notes; minimum tender condition of $11M (30% outstanding).
Expiration April 8, 2026; withdrawal deadline March 25; new notes to be listed on OTC Markets.
Compensation committee approved $100K special bonuses for CEO, President, and CFO for closing SC property sale.

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