Symbol not found

:SPRT   00:00AM GMT
0.00
0.00 (0.00%)
Debt Financing / Related, Exchange Changes, Mergers / Acquisitions

Bitcoin Miner Greenidge Generation Holdings Inc And Support.Com Announce Merger Agreement

Published: 03/22/2021 10:37 GMT
(SPRT) - Bitcoin Miner Greenidge Generation Holdings Inc. and Support.com, Inc. Announce Merger Agreement.
Greenidge Generation Holdings - on Closing of Proposed Deal, Support.com to Become Wholly-owned Unit of Greenidge, Which is Expected to Be Listed on Nasdaq.
Greenidge Generation Holdings - Co, Support.com Have Signed a Definitive Agreement to Merge in a Stock-for-stock Transaction.
Greenidge Generation - on Completion of Merger, Stockholders, Optionholders of Support.com to Collectively Own About 8% of Greenidge’s Class A Common Stock.
Greenidge Generation - Agreement Specifies About 5% of Co's Common Stock to Be Paid to Support.com Shareholders for Support.com Operating, Other Assets.
Greenidge Generation - Agreement Specifies About 3% to Be Paid for Estimated $33 Million of Cash Expected to Be on Support.com’s Balance Sheet at Closing.
Greenidge Generation - Merger is Conditioned Upon Support.com Having at Least $28 Million in Cash on Balance Sheet at Closing.
Greenidge Generation - Upon Completion of Merger, Greenidge’s CEO Jeff Kirt Will Lead Combined Co As Ceo.
Greenidge Generation - Support.com’s Ceo, Lance Rosenzweig, Will Remain in His Position As CEO of Existing Support.com Business.