UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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| Item 1.01 | Entry into a Material Definitive Agreement. |
As previously disclosed, on September 19, 2022, Greenidge Generation Holdings Inc. (the “Company”) entered into an at market issuance sales agreement (the “Sales Agreement”) with B. Riley Securities, Inc. (“B. Riley”) and Northland Securities, Inc. (“Northland”). On October 3, 2022, the Company entered into Amendment No. 1 to the Sales Agreement (the “Amendment”) with B. Riley. The Amendment modifies the compensation payable to B. Riley for sales of the Company’s class A common stock. Pursuant to the Amendment, the Company shall pay to B. Riley in cash, upon each sale of the Company’s class A common stock sold pursuant to the Sales Agreement (“Placement Shares”), an amount equal to up to 5.0% of the gross proceeds from each sale of Placement Shares.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is attached to this Current Report on Form 8-K as Exhibit 10.1, which is incorporated by reference herein, and the Sales Agreement, which was attached as Exhibit 1.1 to the Company’s Registration Statement on Form S-3 filed on September 19, 2022.
| Item 9.01 | Financial Statements and Exhibits. |
| * | Previously filed. |
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. | ||||||
| Dated: October 3, 2022 | By: | /s/ Robert Loughran | ||||
| Robert Loughran | ||||||
| Chief Financial Officer | ||||||