Greenidge Generation Secures $20M Equity Sales Deal

Greenidge Generation Holdings (GREE) has provided an announcement.

Greenidge Generation Holdings Inc. has struck a deal with B. Riley Principal Capital II, allowing the sale of up to $20 million in new Class A common stock shares at their discretion, subject to certain conditions. This flexible arrangement provides Greenidge with the right, but not the obligation, to initiate stock sales, controlling the timing and quantity, based on strategic financial needs including working capital and investments. The agreement also adheres to NASDAQ’s regulations, limiting the number of shares that can be sold to avoid undue influence by B. Riley Principal Capital II.

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