09:42 AM EDT, 07/03/2025 (MT Newswires) -- Greenidge Generation ( GREE ) reported Thursday early results of its simultaneous tender and exchange offers to exchange or buy its 8.5% senior notes due 2026.

The company also announced an increase in the cash payment limit for the tender option to about $3.2 million from $3 million.

Greenidge said that as of the early tender date of July 2, the principal amount tendered was about $17.8 million and the principal amount accepted was around $8.9 million.

A principal amount of nearly $1.4 million of old notes have been tendered under the exchange option as of the early tender date, it said.

Greenidge said that, although the tender/exchange offer is slated to expire at 12:01 am ET on July 18, because the purchase price of the old notes tendered under the tender option as of the early tender date exceeded the cash payment limit, it doesn't expect to accept any old notes that are tendered under the tender option after the early tender date.

Holders of the old notes may still tender under the exchange option, Greenidge said.

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