Item 8.01 Other Events
As previously disclosed, on March 19, 2021, Support.com, Inc. (the "Company"),
Greenidge Generation Holdings Inc. ("Greenidge") and GGH Merger Sub, Inc.
("Merger Sub") entered into an Agreement and Plan of Merger (the "Merger
Agreement"). Upon the terms and subject to the conditions described in the
Merger Agreement, Merger Sub will be merged with and into the Company (the
"Merger"), with the Company surviving the Merger as a wholly-owned subsidiary of
Greenidge.
Pursuant to the Merger Agreement, at the effective time of the Merger (the
"Effective Time"), each share of Company common stock, par value $0.0001 per
share (the "Company Common Stock"), issued and outstanding immediately prior to
the Effective Time will be cancelled and extinguished and automatically
converted into the right to receive 0.115 shares (the "Exchange Ratio") of
Greenidge Class A common stock, par value $0.0001 per share (the "Greenidge
Class A Common Stock"), plus cash in lieu of any fractional shares of Greenidge
Class A Common Stock.
On September 13, 2021, the Company and Greenidge issued a joint press release
announcing the Exchange Ratio, that the Merger is expected to close on
September 14, 2021 (subject to the satisfaction or waiver of all closing
conditions contained in the Merger Agreement) and that the Greenidge Class A
Common Stock is expected to begin trading on The Nasdaq Global Select Market
under the ticker symbol "GREE" on September 15, 2021. The full text of the press
release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description of Exhibit
99.1 Press Release of the Company and Greenidge, dated September 13, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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