Support.com Correspondence with Stakeholders
Letter to employees with Social Media Guidelines
Dear Support.com Employees,
Im pleased to announce the
exciting news that Support.com has signed a definitive agreement to merge with Greenidge Generation Holdings Inc. (Greenidge). Greenidge is a holding company that owns Greenidge Generation LLC, a vertically integrated bitcoin mining and
power generation facility in Upstate New York.
Completion of the proposed merger is subject to Support.com shareholder approval and other customary
closing conditions.
By merging with us, Greenidge will acquire relevant new capabilities for its continued transformational journey and we will
become part of a stronger company with growth opportunities in the short and long term.
I am sure many of you may ask what is going to change as a result
of this merger. My answer is that, for us, it will be business as usual. Upon completion of the proposed merger, Support.com will be a wholly-owned subsidiary of Greenidge. I will remain as CEO of the existing Support.com businesses, which will
continue to operate in the ordinary course. We expect the transaction to close in Q3 this year.
While we work toward completing this transition, we will
continue to deliver the premium service our customers and clients expect. Our plan is that the merger will not lead to noticeable changes in our day-to-day operations at
Support.com; instead, it will expand professional development and growth opportunities for all of us and make the team stronger together.
Todays
announcement wouldnt be possible without your hard work, dedication and stellar execution. We should all be proud of our accomplishments and how we are successfully accelerating our business.
This is an exciting new opportunity, and I encourage you to continue executing at the same high level as you currently do. I look forward to talking in more
detail with you at an employee town hall in the days ahead, but I wanted you to hear the news from me directly.
It is important that Support.com team
members do not speak to the press or make comments on social media related to the transaction unless they are explicitly authorized to do so. A tweet, retweet, LinkedIn update, misguided conversation, or other post, even on a personal social media
account, could inadvertently provide non-public information, appear to confirm mistaken information or information taken out of full context, or be interpreted as an unintended official update on behalf of the
company. Until the transaction closes, all Support.com team members have to be very careful in discussion in real life and on social media.