Greenidge Generation(US:GREE)2024-11-07 21:01Financial Results - Greenidge Generation Holdings Inc. reported preliminary financial results for the fiscal quarter ended September 30, 2024, but the specific figures are not disclosed in the provided documents[2]. - The financial information provided is preliminary and unaudited, indicating that it may not fully represent the company's financial condition as of September 30, 2024[3]. Compliance and Listing Status - The company received a notice from Nasdaq indicating it no longer meets the Minimum Market Value of Publicly Held Shares (MVPHS) requirement of $15 million, as it failed to maintain this for 30 consecutive business days[4]. - The company has a compliance period of 180 calendar days to regain compliance with the MVPHS requirement, which must be met by achieving a closing MVPHS of at least $15 million for ten consecutive business days prior to April 14, 2025[5]. - There is no immediate effect on the listing of the company's common stock on Nasdaq, but failure to regain compliance may lead to delisting[5]. - The company intends to monitor its MVPHS and may consider options to regain compliance, although there is no assurance of success[5]. Forward-Looking Statements - Forward-looking statements in the report highlight uncertainties that could significantly affect the company's financial or operating results[6]. - The company does not assume any duty to update or revise forward-looking statements unless required by law[7]. Company Classification - The company is classified as an emerging growth company under the Securities Exchange Act[1]. Additional Information - The press release regarding the financial results is included as Exhibit 99.1 to the report[2].