Press release
Investigation announced for Investors in shares of Greenidge Generation Holdings Inc. (NASDAQ: GREE) over possible Violations of Securities Laws
An investigation for investors in Greenidge Generation Holdings Inc. (NASDAQ: GREE) shares.
Investors who purchased shares of Greenidge Generation Holdings Inc. (NASDAQ: GREE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Greenidge Generation Holdings Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Fairfiled, CT based Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company.
On February 24, 2022, Greenidge Generation Holdings Inc. announced selected preliminary operating results for the fourth quarter and full year of 2020. Among other results, the Company reported that it "[e]xpects GAAP Net Loss of $(51) to $(41) million, including a noncash goodwill impairment charge related to the Support.com business of $42 to $47 million[.]"
Shares of Greenidge Generation Holdings Inc. (NASDAQ: GREE) declined from $13.55 per share on February 10, 2022, to $7.81 per share on February 24, 2022.
Since then NASDAQ: GREE shares declined to as low as $0.22 per share in late December 2022.
On February 10, 2023, shares of Greenidge Generation Holdings Inc. (NASDAQ: GREE) closed at $0.63 per share.
Those who purchased shares of Greenidge Generation Holdings Inc. (NASDAQ: GREE) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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