M&A · Tech · Services-Computer Processing & Data Preparation
Greenidge Generation Holdings Inc. to acquire Support.com, Inc.
Announced Mar 22, 2021 · Closed Sep 14, 2021
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Greenidge Generation Holdings Inc.
- Target
- Support.com, Inc.
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Sep 14, 2021
Deal protections
- Break fee (target pays)
- $3.5M
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- B. Riley
- To the target
- BTIG
Sector context · Tech
- Comparable deals
- 24 in the prior 24 months
- Premium
- Sector median 33.1%
- EV / Adj. EBITDA
- Sector median 17.3x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedMar 22, 2021
- Proxy filedAug 10, 2021
- Definitive proxyAug 10, 2021
- Shareholder voteSep 10, 2021
- ClosedSep 14, 2021