Greenidge Generation Holdings Inc. — fact timeline

Greenidge Generation Holdings Inc. amended Limited Waiver and Amendment of Loan Documents with NYDIG ABL LLC and NYDIG Trust Company LLC (effective 2023-01-20).

“On January 20, 2023, Greenidge Generation Holdings, Inc. (“Greenidge”) and its subsidiaries Greenidge Generation LLC, GTX GEN 1 Collateral, LLC, GSC Collateral LLC, and GNY Collateral LLC entered into a Limited Waiver and Amendment of Loan Documents (the “NYDIG Waiver”) with NYDIG ABL LLC (“NYDIG”) and NYDIG Trust Company LLC (“NYDIG Trust” and collectively with NYDIG, the “Lender Parties”).”

Greenidge Generation Holdings Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

“December 13, 2022, Greenidge Generation Holdings Inc. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company failed to maintain a minimum closing bid price of $1.00 per share for the prior 30 consecutive trading day period, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”). The Notice provided that, pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has an initial period of 180 calendar days, or until June 12, 2023, to regain compliance with the Bid”

Greenidge Generation Holdings Inc. reported financial results for the quarter ended September 30, 2022.

“On November 14, 2022, Greenidge Generation Holdings Inc. issued a press release setting forth Greenidge Generation Holdings Inc.’s financial results for the quarter ended September 30, 2022.”

Jeffrey Kirt resigned as Chief Executive Officer at Greenidge Generation Holdings Inc..

“The Company previously announced the mutual agreement between the Company and Jeffrey Kirt, the Company’s former Chief Executive Officer, that Mr. Kirt would resign from his roles as Chief Executive Officer and member of the Board of Directors of the Company (the “Board”), effective as of the end of October 7, 2022.”

Scott MacKenzie was appointed as Chief Strategy Officer at Greenidge Generation Holdings Inc..

“and Scott MacKenzie as the Company’s Chief Strategy Officer, each effective as of the start of October 8, 2022.”

David Anderson was appointed as Chief Executive Officer at Greenidge Generation Holdings Inc..

“On October 4, 2022, the board of directors (the “Board”) of the Company approved the appointment of David Anderson as the Company’s new Chief Executive Officer (“CEO”) and member of the Board”

Jeffrey Kirt resigned as Chief Executive Officer at Greenidge Generation Holdings Inc..

“The Board also approved the mutual agreement between the Company and Jeffrey Kirt, the Company’s current CEO, that Mr. Kirt would resign from his roles as CEO and member of the Board, effective as of the end of October 7, 2022.”