"Greenidge Generation's Reverse Stock Split Active"

On May 16, 2023, the Company's Class A common stock will start trading. It will be on a split-adjusted basis.

Greenidge Generation Holdings Inc. has announced a 1-for-10 reverse stock split. This will take effect on May 16, 2023 at 12:01 a.m. Eastern Time. Following this, the Class A common stock will be traded on a split-adjusted basis. The stock will maintain its current trading symbol "GREE" but have a new CUSIP number: 39531G 308.

The Reverse Stock Split changes all Class A common stock. 10 shares will become one share. No part-shares will be given, only whole shares. Any part-shares will be rounded up. Everyone will be affected in the same way, except for rounding up part-shares, which will affect some percentage interests.

Equity-based awards will be adjusted according to the agreement. This includes exercise price and number of shares issued. The adjustment will be proportional.

Greenidge Generation Holdings Inc. is a company that works with cryptocurrency data centers and power generation. It's listed on NASDAQ under the ticker symbol GREE. The company has a vertical integration process.

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Greenidge Generation Holdings Inc. is a renewable energy company. They convert electricity using natural gas and biomass sources. This company is changing the way people generate and consume power. Additionally, they are set to become a leader in sustainable energy.