sprt stock price after merger

52-Week Range 162 5969. Market Capitalization 28601 million.

What Happened To Support Com Sprt Stock Greenidge Merger Details

The company is estimating revenue to hit 78 million in fiscal 2021 and 145 million in fiscal 2022.

. SPRT last traded closer to 12 per share. In fact at 90000 for Bitcoin the 445 million in EBITDA at 30 times gives it a value. After the merger closes and the 0124 exchange ratio kicks in the new stock price will be 761012388 or.

This company has been marked as potentially delisted and may not be actively trading. In fact it seems that SPRT stock is surging on news of a merger with a cryptocurrency mining company. 30 after a meme-stock like rally that took the heavily shorted stock up 364 in two weeks.

Todays Range 1180 1180. What will happen to support com stock after merger. That means MARA stock is still worth 6720 or 64.

Even after its recent. The cash portion of this merger will value Greenidge at 11 billion and the shares portion to be valued at 860 million. InvestorPlace - Stock Market News Stock Advice Trading Tips.

In fact even prior to the company announcing its recent merger agreement with Greenridge Generation the stock had risen from a 100 low in March 2020 to over 200 by February 2021. Since SPRT shareholders get 77 of the new company and assuming no new shares there are 25701286 outstanding shares of SPRT then each share of SPRT would be worth as follows. What happens to SPRT options after merger.

Months after the stock was first listed. September 16 2021 at 741 pm. That will be set just before the closing.

Or 64 higher than todays price. After the merger closes and the 0124 exchange ratio kicks in the new stock price will be 761012388 or. On __ 2021 the last practicable.

SPRT shares are trading lower after stockholders approved the merger with Greenidge Generation Holdings Inc. But whatever the SPRT share price is divided by the merger ratio will become the GREE price when the merger happens. GREE stock is up much higher which means SPRT shareholders may have just multiplied their base-worth.

2 On the Signing Date the last trading day prior to the date of the public announcement of the execution of the Merger Agreement the closing sale price per share of Support common stock was 214. Yahoo September 10 2021. For example if the share price of SPRT is 5 USD and the ratio is 0116 then GREE will be 50166 43 USD the final exchange rate will be calculated using a ten-day volume.

As previously announced the exchange ratio for the merger has been determined. Financial assumptions are based on a Bitcoin price of 49000. This is 5286 above todays implied equivalent post.

The stock has now pulled back 400 since it closed at a 17-year high of 3639 on Aug. We are grateful for our stock. SPRT increased by over 80 pre-market.

GREE is trading in the mid 40s. Near the end of August SPRT stock prices increased by over 400 percent in just a week which prompted talk of the company becoming a meme stock It remains to be seen how the merger with. Average Volume 902 million shs.

The 4 to 10 increase is for the SPRT share price. InvestorPlace - Stock Market News Stock Advice Trading Tips. 3 billion x 77.

After adding back the 70 million in cash and dividing this by 38863 million shares SPRT stock will be worth 6145 per share. Month of August the last time SPRTs price was over. Shares of Support.

There will be a special shareholder meeting on September 10 to vote on the merger according. 50-Day Range 717 3639. Price target 85 after merger no short squeeze no hype.

InvestorPlace - Stock Market News Stock Advice Trading Tips. Greenidge has applied to list its class A common stock on Nasdaq under the trading symbol GREE. SPRT stock has languished in the 1 to 2 range for the last five years at least until 2021 that is.

40 of GREE is the equivalent of 46 SPRT stock prior to merger thats 60 down right off the bat. This also implies that todays price of 22 for SPRT is equivalent to a post-merger price of 18886 for.

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