The following constitutes Amendment No. 2 (“Amendment No. 2”) to the Schedule 13D filed by the undersigned on June 27, 2016, as amended by the Schedule 13D/A filed by the undersigned on March 30, 2021 (the “Schedule 13 D”). This Amendment No.2 amends the Schedule 13D as specifically set forth herein.
Item 4. | Purpose of Transaction. |
Item 4 is hereby amended to add the following:
On September 14, 2021, pursuant to the Agreement and Plan of Merger, entered into among Support.com, Inc., a Delaware corporation (the “Issuer”), Greenidge Generation Holdings Inc., a Delaware corporation (“Greenidge”) and GGH Merger Sub, Inc., a Delaware corporation (“Merger Sub”), dated March 19, 2021 (the “Merger Agreement”), Merger Sub merged with and into the Issuer (the “Merger”), with the Issuer surviving the Merger as a wholly-owned subsidiary of Greenidge.
Under the terms of the Merger Agreement, at the effective time of the Merger (the “Effective Time”), among other things, (i) each share of common stock, par value $0.0001, of the Issuer (the “Common Stock”) issued and outstanding immediately prior to the Effective Time was cancelled and extinguished and automatically converted into the right to receive 0.115 shares (the “Exchange Ratio”) of Class A Common Stock, par value $0.0001, of Greenidge (the “Greenidge Class A Common Stock”) and (ii) each outstanding restricted stock unit of the Issuer immediately prior to the Effective Time (the “RSUs”) was accelerated, and the holder of each RSU received the right to receive an amount of Greenidge Class A Common Stock equal to the Exchange Ratio, multiplied by the number of shares of Common Stock underlying such RSU, unless such holder elected to satisfy such obligation with cash.
On March 19, 2021, Mr. Radoff and BLR Partners entered into a Support Agreement (the “Support Agreement”) with Greenidge and the other shareholders of the Issuer party thereto (the “Shareholders”), pursuant to which the Shareholders agreed, among other things, to vote their shares of Common Stock in favor of the adoption of the Merger Agreement, subject to the terms and conditions set forth in the Support Agreement. Following the closing of the Merger, the Support Agreement was terminated in accordance with its terms.
In connection with the consummation of the Merger, the reporting persons have been advised that the Issuer notified representatives of The Nasdaq Stock Market LLC (“NASDAQ”) that the Merger had been completed and requested that NASDAQ delist the Common Stock. As a result, trading of the Common Stock, which traded under the ticker symbol “SPRT” on NASDAQ, was suspended after to the close of trading on NASDAQ on September 14, 2021. In addition, the reporting persons have been advised that the Issuer requested that NASDAQ file with the U.S. Securities and Exchange Commission (the “SEC”) a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on Form 25 in order to effect the delisting of the shares of the Common Stock from NASDAQ and deregistration of such shares under Section 12(b) of the Exchange Act.
The foregoing description of the Support Agreement does not purport to be complete and is qualified in its entirety by reference to the form of Support Agreement, which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. In addition, reference is made to the Merger Agreement, which is attached as Exhibit 2.1 to the Issuer’s Form 8-K filed with the SEC on March 22, 2021.
Item 5. | Interest in Securities of the Issuer. |
Items 5(a) – (c) are hereby amended and restated to read as follows:
The aggregate percentage of Common Stock reported owned by each person named herein is as follows:
| (a) | As of the close of business on September 14, 2021, BLR Partners beneficially owned 0 shares of Common Stock. |