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Stockholder's Equity
3 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity

During the three months ended March 31, 2021, 0.59 million shares of common stock were issued as a result of the exercise of stock options. During the three months ended March 31, 2020, no shares of common stock were issued as a result of the exercise of stock options.

 

During the three months ended March 31, 2021, 0.1 million shares of common stock were issued as a result of RSU releases. During the three months ended December 31, 2020, no shares of common stock were issued as a result of RSU releases.

 

During the three months ended March 31, 2021, and 2020 no shares of common stock were issued under the ESPP.

 

During the three months ended March 31, 2021, in connection with the Merger Agreement (as defined above), the Company issued and sold approximately 3.9 million shares of the Company’s common stock to 210 Capital, LLC (“210 Capital”), pursuant to a stock subscription agreement with 210 Capital. Refer to Note 1 and Item 2 for additional transaction details regarding the Merger with Greenidge

 

Stock Repurchase Program

 

On April 27, 2005, our Board of Directors (“Board”) authorized the repurchase of up to 666,666 outstanding shares of our common stock. As of March 31, 2021, the maximum number of shares remaining that can be repurchased under this program was 602,467. No shares were repurchased during the three and nine months ended March 31, 2021. We do not intend to repurchase shares without further approval from the Board.