Atlas group updates Greenidge (GREE) 13D as interest paid in stock
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary
Atlas Capital-affiliated funds filed Amendment No. 4 to their Schedule 13D on Greenidge Generation Holdings Inc., updating their ownership and recent share issuances. The reporting group now beneficially owns 4,185,381 shares of Class A Common Stock on an as-converted basis, representing about 23.1% of the outstanding Class A shares.
The position reflects 1,505,351 shares of Class A Common Stock and 2,680,030 shares of Class B Common Stock, which are convertible one-for-one into Class A. Atlas Capital Resources (A9) LP accounts for roughly 16.1% on an as-converted basis, and Atlas Capital Resources (A9-Parallel) LP for about 5.8%.
The amendment also details an Equity Interest Payment Agreement under which Greenidge paid interest to Atlas in Class A stock instead of cash. Between April 8, 2025 and July 6, 2026, the issuer made several interest payments, including 90,954 shares for $119,205 and 114,199 shares for $161,820, increasing the group’s equity stake.
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Key Figures
Total beneficial ownership: 4,185,381 shares
Ownership percentage: 23.1%
Class B holdings: 2,680,030 shares
+5 more
8 metrics
Total beneficial ownership
4,185,381 shares
Class A Common Stock on an as-converted basis
Ownership percentage
23.1%
Share of outstanding Class A Common Stock on an as-converted basis
Class B holdings
2,680,030 shares
Class B Common Stock convertible one-for-one into Class A
Class A holdings
1,505,351 shares
Direct Class A Common Stock beneficially owned by the group
Shares outstanding basis
15,286,349 shares
Class A Common Stock outstanding as of June 30, 2026
Interest payment April 8, 2025
$119,205 and 90,954 shares
Interest paid to Atlas in Class A Common Stock
Interest payment July 6, 2026
$161,820 and 114,199 shares
Interest paid to Atlas in Class A Common Stock
ACR9 ownership
2,913,565 shares; 16.1%
ACR9 Class A and B on an as-converted basis
Key Terms
Schedule 13D, Class B Common Stock, Equity Interest Payment Agreement, beneficially own, +1 more
5 terms
Schedule 13D regulatory
"This Amendment No. 4 ("Amendment No. 4") amends the filed on January 31, 2023 (the "Original " and, as amended, the ""),"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Class B Common Stock financial
"Represents 1,920,265 shares of the Issuer's Class B Common Stock, which are convertible at any time at the option of the holder"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Equity Interest Payment Agreement financial
"Pursuant to the Equity Interest Payment Agreement (the "Payment Agreement"), dated as of January 24, 2025, by and between the Issuer and certain of the Reporting Persons"
beneficially own financial
"In the aggregate, the Reporting Persons beneficially own, as of the date hereof, 4,185,381 shares of Class A Common Stock"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
as-converted basis financial
"representing in the aggregate approximately 23.1% of the outstanding shares of Class A Common Stock on an as-converted basis"
As-converted basis means counting securities that can become common stock—like convertible bonds or preferred shares—as if they already were common shares when calculating totals such as shares outstanding, ownership percentages, or per-share metrics. Investors use it to see the potential dilution and the “what-if” size of the shareholder base; it’s like imagining all restaurant coupons have been redeemed so you know how crowded the table could become and how slices of the pie would shrink.
FAQ
What does the Atlas group report in this Greenidge (GREE) Schedule 13D/A?
The filing reports that Atlas-affiliated funds collectively beneficially own 4,185,381 Greenidge Class A shares on an as-converted basis, equal to about 23.1% of the class. It also updates how recent share issuances and interest payments in stock affected this ownership.
How is the Atlas group’s 23.1% stake in Greenidge (GREE) calculated?
The 23.1% figure is based on 4,185,381 beneficially owned Class A shares on an as-converted basis. The calculation uses 15,286,349 Class A shares outstanding as of June 30, 2026, adds 114,199 new Class A shares issued July 6, 2026, and assumes conversion of 2,680,030 Class B shares.
What is the Equity Interest Payment Agreement mentioned in the Greenidge filing?
The Equity Interest Payment Agreement allows Greenidge to pay interest owed to certain Atlas entities in Class A stock rather than cash. Under this agreement, the company made multiple interest payments between April 2025 and July 2026, each in a specific dollar amount settled in newly issued shares.
What stock-for-interest payments did Greenidge make to Atlas under this agreement?
Greenidge paid interest to Atlas six times in Class A shares, including $119,205 paid with 90,954 shares on April 8, 2025 and $161,820 paid with 114,199 shares on July 6, 2026. Other payments in 2025–2026 similarly combined cash amounts with specified share issuances.