Why Support.com’s Shares Are Falling

Support.com, Inc. (NASDAQ: SPRT) shares trade lower after shareholders approve merger with Greenidge Generation Holdings Inc.

“We are grateful for the overwhelming support from our shareholders for the merger of Support.com with Greenidge,” said Lance Rosenzweig, Support.com President and Chief Executive Officer. “We are proud of what our team has achieved and look forward to working with the Greenidge team as we execute on our growth strategy to increase shareholder value.”

Support.com plans to file a Form 8-K with the Securities and Exchange Commission to disclose the full voting results of the special meeting. Greenidge and Support.com will announce the intended closing date and final exchange ratio in the merger when determined.

Support.com is engaged in providing cloud-based software and services. The company provides turnkey, outsourced support services for service providers, retailers, internet of things solutions and technology companies.

Support.com has a 52-week high of $59.69 and a 52-week low of $1.62.

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