debt
confidence high
sentiment negative
materiality 0.60
Greenidge amends exchange offer terms; only $1.3M of $36.7M notes tendered
Greenidge Generation Holdings Inc.
- Revised consideration: $25 New Notes + 2 common shares per $25 Old Notes; no early tender premium.
- Minimum tender condition of $11M waived; withdrawal deadline set at 5pm March 25, 2026.
- Only $1,334,025 of $36,663,875 outstanding principal (3.6%) validly tendered as of withdrawal date.
- Old Notes carry 8.50% coupon, due 2026; trade under ticker GREEL on Nasdaq.