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PITTSFORD, NY—Christian Mulvihill, Chief Financial Officer of Greenidge Generation Holdings Inc. (NASDAQ:GREE), recently sold shares of the company’s Class A common stock. The company’s stock, currently trading at $1.39, has experienced significant volatility, falling nearly 59% over the past year while showing recent strength with positive returns over the last three months. According to a recent SEC filing, Mulvihill sold a total of 627 shares on June 13, 2025, at prices ranging from $1.45 to $1.47 per share. The transactions amounted to a total value of $909.
Following these sales, Mulvihill retains ownership of 101,567 shares. The sales were executed to cover tax withholding obligations related to the vesting of restricted stock units, and not as discretionary sales by Mulvihill.
In other recent news, Greenidge Generation Holdings Inc. is facing potential delisting from The Nasdaq Global Select Market due to its stock price falling below the minimum bid requirement. The company received a notice from Nasdaq on April 9, 2025, indicating that its Class A common stock had not met the $1.00 per share minimum over the past 30 consecutive business days. Greenidge has been granted an initial 180-day period, ending on October 6, 2025, to regain compliance by maintaining a closing price of $1.00 or higher for at least 10 consecutive business days. If compliance is not achieved within this period, the company may be given an additional 180 days to meet the requirements, which would involve listing on The Nasdaq Capital Market and paying an application fee. The company has stated its intention to monitor its stock’s closing bid price closely and explore all available options to regain compliance. There is, however, no guarantee that Greenidge will meet the necessary criteria or maintain compliance with other listing requirements. This development is based on a press release and an 8-K filing with the Securities and Exchange Commission.
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