Remember SPRT stock? That’s gone now, but no worries. Tech support specialist Support.com is still here – it’s merged with Greenidge Generation (NASDAQ:GREE) and as a result, you can now trade GREE stock instead of SPRT.
Similarly What happened to my SPRT stock? 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 happens to my SPRT shares after merger? How Many Shares Will I Have Of GREE Stock After The Merge? According to SeekingAlpha, the conversion is 1 share of Greenidge for about 8.7 shares of SPRT stock.
Additionally, 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.
What happens to SPRT options after merger?
If the merger is approved and consummated, each existing SPRT Common Share will be converted into the right to receive a number of GREE Class A Common Shares as described in the Proxy. Cash will be paid in lieu of fractional GREE shares, if any. The Greenidge Generation Holdings Inc.
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.
Who bought SPRT stock? 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.
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.
Who did SPRT merge with?
(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 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.
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 happens to calls in a buyout?
When the buyout occurs, and the options are restructured, the value of the options before the buyout takes place is deducted from the price of the option during adjustment. This means the options will become worthless during the adjustment if you bought out of the money options.
Should I exercise my options before acquisition? In many cases it can be advantageous to exercise your stock options early (provided you have the cash, and assuming you believe in the company given you accepted a job there). The first benefit of exercising early is that you will likely have zero (or very little) tax liability at the time of exercise.
Who is SPRT merging with? 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.
What happened to SPRT Support com?
Support.com is now effectively a subsidiary of GREE. Every share of SPRT entitles holders to 0.115 shares in GREE. The merger between GREE and SPRT was only approved on Friday.
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.
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 …
Did Support com merge? Support.com Stockholders Approve Merger with Greenidge Generation Holdings Inc. LOS ANGELES, CA / ACCESSWIRE / September 10, 2021 / Support.com, Inc.