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Investigation announced for Investors in Greenidge Generation Holdings Inc. (NASDAQ: GREE) over potential Wrongdoing

04-20-2023 04:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Greenidge Generation Holdings Inc. (NASDAQ: GREE) shares over potential wrongdoing at G

An investigation on behalf of investors in Greenidge Generation Holdings Inc. (NASDAQ: GREE) shares over potential wrongdoing at G

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Greenidge Generation Holdings Inc.

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 concerns whether certain Greenidge Generation Holdings Inc. (directors breached their fiduciary duties and caused damage to the company and its shareholders.

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 April 19, 2023, shares of Greenidge Generation Holdings Inc. (NASDAQ: GREE) closed at $0.64 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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