GREE starts exchange offer for 8.50% senior notes maturing 2026

Rhea-AI Filing Summary

Greenidge Generation Holdings Inc. announced on October 6, 2025 the commencement of a tender and exchange offer for its outstanding 8.50% Senior Notes due 2026. The company furnished a related press release as an exhibit to the report.

The filing is largely a notice of the offer and includes a standard cautionary statement that it contains forward-looking statements subject to risks and uncertainties described in the company’s prior filings. No financial results, transaction terms, or detailed timetable beyond the offer commencement are included in the disclosed text.

Positive

• Commenced a formal tender and exchange offer for the 8.50% Senior Notes due 2026, indicating active debt management
• Press release furnished as Exhibit 99.1, enabling investors to review full offer materials

Negative

• Filing contains forward-looking statements highlighting uncertainties that could affect future results
• No offer terms or timetable are disclosed in the provided text, leaving outcome and liquidity impact unclear

Insights

Credit Analyst

Company began a debt action to alter near-term 8.50% notes maturing 2026.

The firm initiated a tender and exchange offer for its outstanding 8.50% Senior Notes due 2026, which is a direct action on a near-term liability. Such offers can change the timing and holders of debt and may affect near-term liquidity needs depending on exchange terms and acceptance levels.

Key dependencies are the specific offer terms, participation rate, and any financing used to support the offer; those details are not included here and should appear in the offer documents and press release exhibit.

Corporate Finance Strategist

Initiating a tender/exchange is a strategic step to manage balance-sheet timing, but outcomes are uncertain.

The company formally started the process to modify its outstanding notes, a move that can be used to extend maturities, alter interest costs, or change covenants depending on the exchange mechanics. The filing itself only announces commencement and provides a standard forward-looking caution.

Material next items to watch are the full offer terms in Exhibit 99.1, the exchange/tender acceptance results, and any announced financing or amendments that accompany the offer within the coming weeks.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

October 6, 2025

Date of Report (date of earliest event reported)

___________________________________

Greenidge Generation Holdings Inc.

(Exact name of registrant as specified in its charter)

___________________________________

Delaware (State or other jurisdiction of incorporation or organization)			001-40808 (Commission File Number)			86-1746728 (I.R.S. Employer Identification Number)
1159 Pittsford-Victor Road, Suite 240 Pittsford, New York 14534
(Address of principal executive offices and zip code)
(315) 536-2359
(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Class A common stock, par value $.0001			GREE			The Nasdaq Global Select Market
8.50% Senior Notes due 2026			GREEL			The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company   ☒ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 – Other Events.

On October 6, 2025, Greenidge Generation Holdings Inc. (the “Company”) issued a press release regarding the commencement of the Company’s tender and exchange offer for its outstanding 8.50% Senior Notes due 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.

Cautionary Note Regarding Forward-Looking Statements

This report, including Exhibit 99.1 furnished herewith, includes certain statements that may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. These forward-looking statements involve uncertainties that could significantly affect the Company’s financial or operating results. These forward-looking statements may be identified by terms such as “anticipate,” “believe,” “continue,” “foresee,” “expect,” “intend,” “plan,” “may,” “will,” “would,” “could,” and “should,” and the negative of these terms or other similar expressions. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Forward-looking statements in this report include, among other things, statements regarding the business plan, business strategy and operations of the Company in the future. In addition, all statements that address operating performance and future performance, events or developments that are expected or anticipated to occur in the future are forward looking statements. Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Matters and factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include but are not limited to the matters and factors described under the heading “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, as may be amended from time to time, its subsequently filed Quarterly Reports on Form 10-Q and its other filings with the Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this report are qualified by the information contained under this caption. No assurance can be given that these are all of the factors that could cause actual results to vary materially from the forward-looking statements in this report. You should not put undue reliance on forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do occur, the actual results, performance, or achievements of the Company could differ materially from the results expressed in, or implied by, any forward-looking statements. All forward-looking statements speak only as of the date of this report and, unless otherwise required by U.S. federal securities law, the Company does not assume any duty to update or revise any forward-looking statements included in this report, whether as a result of new information, the occurrence of future events, uncertainties or otherwise, after the date of this report.

Item 9.01 – Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
99.1						Press Release, dated October 6, 2025.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Greenidge Generation Holdings Inc.
By:			/s/ Jordan Kovler
Name:			Jordan Kovler
Title:			Chief Executive Officer

Date: October 6, 2025

FAQ

What did Greenidge (GREE) announce on October 6, 2025?

The company announced the commencement of a tender and exchange offer for its outstanding 8.50% Senior Notes due 2026 and furnished a press release as Exhibit 99.1.

Which debt is affected by the announcement from GREE?

The announcement concerns the company’s outstanding 8.50% Senior Notes due 2026.

Does the filing include the detailed terms of the tender/exchange offer?

No. The provided text states only the commencement and that a press release is furnished; detailed offer terms are expected in Exhibit 99.1.

Are there financial results or changes to guidance in this filing?

No. The filing contains no financial results, guidance changes, or transaction economics in the disclosed text.

What uncertainty does the company highlight in the filing?

The filing includes a standard caution that forward-looking statements are subject to risks and uncertainties described in the company’s prior SEC filings.