Greenidge pays Atlas with 114,865 Class A shares
Greenidge Generation Holdings Inc. issued 114,865 shares of Class A Common Stock to Atlas-affiliated funds as a non-cash payment under an Equity Interest Payment Agreement dated January 24, 2025.
Rhea-AI Filing Summary
Greenidge Generation Holdings Inc. issued 114,865 shares of Class A Common Stock to Atlas-affiliated funds as a non-cash payment under an Equity Interest Payment Agreement dated January 24, 2025. The payment had a stated value of $160,041, based on a price formula in the agreement.
Of these shares, 82,302 went to Atlas Capital Resources (A9) LP, 29,552 to Atlas Capital Resources (A9-Parallel) LP, and 3,011 to Atlas Capital Resources (P) LP. Following this transaction, Atlas-related entities held 1,391,152 shares of Class A Common Stock and 2,680,030 shares of Class B Common Stock, which are convertible into an equal number of Class A shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock, par value $0.0001 per share | 114,865 | $1.39 | $160K |
Footnotes (4)
- F1. In connection with the Equity Interest Payment Agreement (the "Agreement"), dated as of January 24, 2025, by and among Greenidge Generation Holdings Inc. (the "Issuer") and Atlas Capital Resources (A9) LP ("ACR9"), Atlas Capital Resources (A9-Parallel) LP ("ACR Parallel"), and Atlas Capital Resources (P) LP ("ACR P" and, together with ACR9 and ACR Parallel, collectively, "Atlas"), the Issuer made a $160,041 payment to Atlas in the form of shares of Class A Common Stock based on the price formula set forth in the Agreement. Of the 114,865 shares of Class A Common Stock issued to Atlas thereunder, 82,302 shares were issued to ACR9, 29,552 shares were issued to ACR Parallel and 3,011 shares were issued to ACR P.
- F2. Represents 1,391,152 shares of Class A Common Stock and 2,680,030 shares of Class B Common Stock, which are convertible at any time at the option of the holder into an equal number of shares of Class A Common Stock.
- F3. Atlas Capital GP LP ("ACR GPLP") is the general partner of ACR9, ACR Parallel, ACR P and GGH Bridge Investment LP ("GGH"). Atlas Capital Resources GP LLC ("ACR GP") is the general partner of ACR GPLP. ACR GP, ACR GPLP, ACR9, ACR Parallel, ACR P, and GGH are collectively referred to as the "Atlas Entities." Andrew M. Bursky and Timothy J. Fazio are each a managing partner of ACR GP and may be deemed to control the Atlas Entities.
- F4. Each of Messrs. Bursky and Fazio and each of the Atlas Entities disclaims beneficial ownership interest of the Class A Common Stock except, in each case, to the extent he or it has any pecuniary interest therein.
Key Figures
Key Terms
Equity Interest Payment Agreement financial
Class A Common Stock financial
Class B Common Stock financial
convertible financial
beneficial ownership financial
pecuniary interest financial
FAQ
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