SEC Form SC 13G filed by Greenidge Generation Holdings Inc.

 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

(Amendment No. )¹

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

On September 14, 2021, the event date which required the filing of this Schedule 13G, the Reporting Persons beneficially owned more than 5% of the Issuer’s Class A Common Stock. On September 22, 2021, the Reporting Persons ceased to beneficially own more than 5% of the Issuer’s Class A Common Stock. Accordingly, this Schedule 13G constitutes an exit filing for the Reporting Persons.

Greenidge Generation Holdings Inc., a Delaware corporation (the “Issuer”).

590 Plant Road

Dresden, NY 14441

(i) 210 Capital, LLC, a Delaware limited liability company (“210 Capital”);

(ii) Covenant RHA Partners, L.P., a Texas limited partnership (“RHA Partners”);

(iii) CCW/LAW Holdings, LLC, a Texas limited liability company (“CCW Holdings”);

(iv) RHA Investments, Inc., a Texas corporation (“RHA Investments”);

(v) Robert Alpert, a United States citizen; and

(vi) C. Clark Webb, a United States citizen.

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” The address of the principal business office of each of the Reporting Persons is 4514 Cole Avenue, Suite 1600, Dallas, Texas 75205.

Class A Common Stock, par value $0.0001 per share.

39531G 100

All ownership information reported in this Item 4 is as of the close of business on September 23, 2021.

210 Capital is the direct beneficial owner of 482,295 shares of Class A Common Stock. The shares of Class A Common Stock beneficially owned includes shares of Class A Common Stock underlying the Issuer’s Class B Common Stock, which are held directly by 210 Capital, that may be converted on a one-for-one basis, subject to a conversion cap limit pursuant to an agreement with the Issuer that provides such Class B Common Stock may not be converted into Class A Common Stock if, after such conversion, 210 Capital, together with its affiliates and any other person acting together with it and its affiliates, would beneficially own, as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, more than 4.99% of the Issuer’s then issued and outstanding shares of Class A Common Stock. 210 Capital is managed by its members RHA Partners and CCW Holdings. Mr. Webb has the power to direct the affairs of CCW Holdings as its sole member. In addition, RHA Partners is managed by its general partner RHA Investments, and Mr. Alpert has the power to direct the affairs of RHA Investments as its President and sole shareholder.

Each of RHA Partners, CCW Holdings, RHA Investments, Mr. Alpert and Mr. Webb declares that neither the filing of this Schedule 13G nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Exchange Act of 1934, as amended, the beneficial owner of any securities directly held by 210 Capital covered by this Schedule 13G.

The following percentages are based on 9,320,435 shares of Class A Common Stock outstanding as of September 14, 2021, which is the total number of shares of Class A Common Stock outstanding as disclosed by the Issuer to the Reporting Persons.

As of the close of business on September 23, 2021, the Reporting Persons beneficially owned approximately 4.99% of the outstanding shares of Class A Common Stock.

See Cover Pages Items 5-9.

See Cover Pages Items 5-9.

See Cover Pages Items 5-9.

See Cover Pages Items 5-9.

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than 5 percent of the class of securities, check the following box ☒.

RHA Partners and CCW Holdings share voting and dispositive power over the shares of Class A Common Stock beneficially owned by 210 Capital. Mr. Webb shares voting and dispositive power over the shares of Class A Common Stock beneficially owned by CCW Holdings. Mr. Alpert shares voting and dispositive power over the shares of Class A Common Stock beneficially owned by RHA Investments, which shares voting and dispositive power over RHA Partners.

Not Applicable.

See Exhibit 99.1.

Not Applicable.

By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: September 24, 2021