Greenidge (GREEL) Begins Tender/Exchange Offer for 8.50% Notes (2026)

Greenidge Generation Holdings Inc. announced in a Form 8-K that on August 27, 2025 it commenced a tender and exchange offer for its outstanding 8.50% Senior Notes due 2026.

Rhea-AI Filing Summary

Greenidge Generation Holdings Inc. announced in a Form 8-K that on August 27, 2025 it commenced a tender and exchange offer for its outstanding 8.50% Senior Notes due 2026. The filing furnishes a press release as Exhibit 99.1 and includes a standard cautionary statement that portions of the filing contain forward-looking statements subject to risks and uncertainties described in the company’s prior reports. The excerpt does not include the tender/exchange offer terms, expected acceptance period, or potential effects on the company’s capital structure.

Positive

• Company disclosed a material liability-management action: commencement of a tender and exchange offer for its 8.50% Senior Notes due 2026.
• Press release furnished as Exhibit 99.1: indicates the company is formally communicating the offer to the market.

Negative

• Key offer terms not included in excerpt: the document does not state the exchange/tender consideration, pricing, or acceptance period.
• Insufficient detail to assess impact: the filing excerpt lacks information on funding sources or expected effects on the company’s capital structure.

Insights

Financial Analyst

TL;DR: Commencement of a tender/exchange for high-coupon 2026 notes is material and may affect near-term cash or debt profile.

The company publicly initiated a tender and exchange offer for its 8.50% Senior Notes due 2026, which is a meaningful liability-management action given the coupon level and near maturity. The filing furnishes a press release but the provided excerpt lacks offer economics, funding sources, and expected participation, limiting immediate assessment. Investors should treat this as a notable corporate action with potential balance-sheet implications once full terms are disclosed.

Corporate Finance Specialist

TL;DR: Debt exchange/tender activity is an actionable capital-structure event; material details are not included here.

The initiation of a tender and exchange offer for 8.50% notes due 2026 suggests active liability management to address relatively expensive near-term debt. The filing supplies a press release as an exhibit but omits the definitive offer documents and mechanics in the provided text. This limits ability to judge whether the transaction will be accretive, dilutive, or how it will be financed.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Greenidge (GREEL) announce on August 27, 2025?

The company announced it commenced a tender and exchange offer for its 8.50% Senior Notes due 2026 and furnished a press release as Exhibit 99.1.

Which securities are subject to the offer?

The offer applies to the company’s outstanding 8.50% Senior Notes due 2026.

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

No. The provided excerpt does not include the offer terms, pricing, or acceptance period.

Are there forward-looking statements in the filing?

Yes. The filing includes a cautionary note that it contains forward-looking statements subject to risks and uncertainties.

Where can investors find more details about risks referenced in the filing?

The filing references the company’s prior reports, including its Annual Report for the year ended December 31, 2024, for a description of risk factors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/27/2025 - 08:24 AM Learn about SEC filing dates

FALSE000184497100018449712025-08-272025-08-270001844971us-gaap:CommonClassAMember2025-08-272025-08-270001844971gree:SeniorNotesDue2026850Member2025-08-272025-08-27

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

August 27, 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 August 27, 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 August 27, 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: August 27, 2025