sprt tumbled 16.5% in afternoon trading Friday, after soaring 34.8% over the past two sessions, after the customer and technical support services company said it shareholder approved the deal to be acquired by bitcoin mining company Greenidge Generation Holdings Inc.
Similarly Is support Com a good stock buy? As I’ve discussed in previous columns, Support.com may be the best crypto mining stock out there. At today’s prices, however, much of its positive attributes are already priced into the shares. Some may believe that the stock will hold steady or surge higher as Bitcoin prices climb.
What happens to my SPRT stock after merger? What Will Happen To My Money With SPRT During The Merge? Your money will either be unchanged or you will see positive gains once the merge has been finalized. This will highly depend on how well this merge does in the markets. SPRT last traded closer to $12 per share.
Additionally, What happened with SPRT and GREE?
Support.com (NASDAQ:SPRT) has completed its merger with Greenidge Generation (GREE) and will now operate as a subsidiary of Greenidge. The combined company will trade today under the ticker « GREE. » The company filed with the SEC after the bell yesterday and « requested that NASDAQ delist the Company Common Stock.
What will happen to support com stock after merger?
As previously announced, the exchange ratio for the merger has been determined. Support.com shareholders will receive 0.115 shares of Greenidge Class A Common Stock for each share of Support.com Common Stock held prior to closing.
Does SPRT squeeze? SPRT Stock Has The Perfect Setup For A Short Squeeze
Even today the stock continues to trend downwards. If you’re holding SPRT stock for a short squeeze, don’t worry.
What does the company SPRT do? Its specific focus is on helping enterprises switch over to work-from-home settings for their employees. The company’s services are supported by its own work-from-home agents that are available 24/7 every day of the year.
Is GREE a good investment? Valuation metrics show that Greenidge Generation Holdings Inc. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of GREE, demonstrate its potential to outperform the market.
When did SPRT merge with GREE?
The parties expect the pending merger to close and become effective at the close of trading on September 14, 2021 (subject to the satisfaction or waiver of all closing conditions contained in the merger agreement), and shares of Greenidge Class A common stock to begin trading on The Nasdaq Global Select Market under …
When did SPRT go public? SPRT Stock Pre-Merger Announcement
Support.com went public in July 2000. It sold 4.25 million shares at $14 apiece. It got its start in December 1997. “We provide eBusiness infrastructure software that automates, personalizes and enhances user support over the Internet.
How much will GREE be worth?
If we do not focus on the « fair » value but look at the current state of affairs in the market, we can assume that the final market capitalization of GREE will be approximately the same as the market cap of RIOT – about $2.84 billion.
Does SPRT merge? DRESDEN, N.Y., Sept. 14, 2021 /PRNewswire/ — Greenidge Generation Holdings Inc. (NASDAQ: GREE) (« Greenidge » or the « Company »), a vertically integrated bitcoin mining and power generation company, has closed its previously announced merger with Support.com, Inc. (« Support.com ») (formerly NASDAQ: SPRT).
Who owns Greenidge generation holdings?
Brookfield Asset Management Inc. is currently the company’s largest shareholder with 66% of shares outstanding.
What happened to Support?
Merger. On September 15, 2021, Greenidge Generation Holdings acquired Support.com and delisted its stock from the Nasdaq.
What is SPRT merging with? Support.com (NASDAQ:SPRT) has confirmed that shareholders have voted to approve its merger with Greenidge Generation Holdings. The catalyst that we predicted for SPRT stockholders is finally here.
Is SPRT delisted? The company filed with the SEC after the bell yesterday and « requested that NASDAQ delist the Company Common Stock. As a result, trading of the Company Common Stock, which traded under the ticker symbol ‘SPRT’ on NASDAQ, was suspended after the close of trading on NASDAQ on September 14, 2021. »
Is SPRT shorted?
Short Shares Availability
This table shows the number of shares of US:SPRT available to be shorted at a leading prime brokerage. It is not the total number of shares available to short, nor is it the short interest. It does not include data from other brokers or dark pools.
Is SPRT a meme stock? Support.com (SPRT) has become the new « meme stock » retail traders are pushing to the moon. Shares of the LA based software company closed 33% higher, at $26.33 on Friday. The stock skyrocketed more than 190% earlier in the session and was the No. 1 trending ticker on Yahoo Finance.
Who bought support?
Support.com
| Traded as | Nasdaq: SPRT |
|---|---|
| Defunct | September 15, 2021 |
| Fate | Acquired by Greenidge Generation |
| Headquarters | Wilmington, Delaware Sunnyvale, California , USA |
| Key people | Lance Rosenzweig (President & CEO) |
Who is SPRT? About Support.com, Inc.
(Nasdaq: SPRT) is a leading provider of customer and technical support solutions delivered by home-based employees. For more than twenty years, the Company has achieved stellar results for global enterprise clients and top-tier businesses.
