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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________________
FORM 10-K/A
(Amendment No. 1)
________________________________
(Mark One)
| | | | | |
x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2022
OR
| | | | | |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO |
Commission File Number 001-40808
________________________________
Greenidge Generation Holdings Inc.
(Exact name of Registrant as specified in its Charter)
________________________________
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Delaware | 86-1746728 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
135 Rennell Drive, 3rd Floor Fairfield, CT | 06890 |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (315) 536-2359
________________________________
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, $0.0001 par value | | GREE | | The Nasdaq Global Select Market |
8.50% Senior Notes due 2026 | | GREEL | | The Nasdaq Global Select Market |
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x
Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes o No x
Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o
Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes x No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
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Large accelerated filer | o | | Accelerated filer | o |
Non-accelerated filer | x | | Smaller reporting company | x |
Emerging growth company | x | | | |
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. o
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. o
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x
Based on the closing stock price of $2.54 on June 30, 2022, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of the voting common equity held by nonaffiliates of the registrant was $35,114,779.
As of March 30, 2023, the Registrant had 31,271,755 shares of Class A common stock, $0.0001 par value per share, outstanding and 28,526,372 shares of Class B common stock, $0.0001 par value per share, outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
None.
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Auditor Name | Auditor Firm ID | Auditor Location |
Armanino, LLP | PCAOB ID:32 | Dallas, Texas |
Explanatory Note
The purpose of this Amendment No. 1 (the “Amendment”) to the Annual Report on Form 10-K of Greenidge Generation Holdings Inc. (the “Company”) for the year ended December 31, 2022 (the “Original Form 10-K”) is to re-file the consent of the Company’s independent registered public accounting firm. In connection with the filing of this Amendment, the Company is also including with this Amendment certain currently dated certifications. Except as otherwise set forth in this Explanatory Note, no other information included in the Original Form 10-K is amended or changed by this Amendment.
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.
The exhibits listed in the following Exhibit Index are filed or furnished with or incorporated by reference in this Annual Report.
EXHIBIT INDEX
| | | | | | | | |
Exhibit Number | | Description |
2.1+ | | |
3.1 | | |
3.2 | | |
4.1 | | |
4.2 | | |
4.3 | | |
4.4 | | |
4.5 | | |
4.5A | | |
4.5B | | |
4.5C | | |
4.6 | | |
10.1+ | | |
10.2† | | |
10.3† | | |
| | | | | | | | |
10.4† | | |
10.5† | | |
10.6† | | |
10.7 | | |
10.8 | | |
10.9 | | |
10.10† | | |
10.11†+ | | |
10.12† | | |
10.13 | | Master Equipment Finance Agreement, dated as of March 21, 2022, by and among GTX Gen 1 Collateral LLC, GNY Collateral LLC, GSC Collateral LLC, Greenidge Generation Holdings, Inc., each guarantor party thereto, and NYDIG ABL LLC, as lender, servicer and collateral agent (incorporated by reference to Exhibit 10.2 to the Report on Form 8-K filed on March 24, 2022) |
10.14 | | |
10.15 | | |
10.16 | | |
10.17 | | |
10.18 | | |
10.19 | | |
10.20 | | |
10.21 | | |
| | | | | | | | |
10.22 | | |
10.23 | | |
10.24 | | |
10.25 | | |
10.26 | | |
10.27† | | |
10.28† | | |
10.29† | | |
10.30† | | |
21.1 | | |
23.1* | | |
24.1 | | |
31.1* | | |
31.2* | | |
32.1** | | |
32.2** | | |
101.INS | | Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document. |
101.SCH | | Inline XBRL Taxonomy Extension Schema Document |
101.CAL | | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
101.DEF | | Inline XBRL Taxonomy Extension Definition Linkbase Document |
101.LAB | | Inline XBRL Taxonomy Extension Label Linkbase Document |
101.PRE | | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
_______________
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* | Filed herewith |
** | The certifications furnished in Exhibits 32.1 and 32.2 hereto are deemed to accompany this Annual Report on Form 10-K and will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and are not to be incorporated by reference into any of the Registrant’s filings under the Securities Act of 1933, as amended or the Securities Exchange Act of 1934, as amended, irrespective of general incorporation language contained in any such filing. |
+ | Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) or Item 601(b)(2) of Regulation S-K. We hereby undertake to furnish copies of the omitted schedule or exhibit upon request by the Securities and Exchange Commission. |
† | Management contract or compensatory plan or arrangement. |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| GREENIDGE GENERATION HOLDINGS INC. |
| | |
Date: April 18, 2023 | By: | /s/ David C. Anderson |
| | David C. Anderson |
| | Chief Executive Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this Report has been signed below by the following persons on behalf of the Registrant in the capacities and on the dates indicated.
| | | | | | | | | | | | | | |
Name | | Title | | Date |
/s/ David C. Anderson | | Chief Executive Officer (Principal Executive Officer and Director) | | April 18, 2023 |
David C. Anderson | | | | |
| | | | |
/s/ Robert Loughran | | Chief Financial Officer (Principal Financial and Accounting Officer) | | April 18, 2023 |
Robert Loughran | | | | |
| | | | |
/s/ Andrew M. Bursky* | | Director | | April 18, 2023 |
Andrew M. Bursky | | | | |
| | | | |
/s/ Timothy Fazio* | | Chairman of the Board of Directors | | April 18, 2023 |
Timothy Fazio | | | | |
| | | | |
/s/ David Filippelli* | | Director | | April 18, 2023 |
David Filippelli | | | | |
| | | | |
/s/ Jordan Kovler* | | Director | | April 18, 2023 |
Jordan Kovler | | | | |
| | | | |
/s/ Jerome Lay* | | Director | | April 18, 2023 |
Jerome Lay | | | | |
| | | | |
/s/ Timothy Lowe* | | Director | | April 18, 2023 |
Timothy Lowe | | | | |
| | | | |
/s/ Michael Neuscheler* | | Director | | April 18, 2023 |
Michael Neuscheler | | | | |
| | | | |
/s/ George (Ted) Rogers* | | Vice Chairman of the Board of Directors | | April 18, 2023 |
George (Ted) Rogers | | | | |
| | | | |
/s/ Daniel Rothaupt* | | Director | | April 18, 2023 |
Daniel Rothaupt | | | | |
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* By: David C. Anderson Attorney in Fact | | | | |
/s/ David C. Anderson* | | | | April 18, 2023 |