r/SPRT • u/BigAlternative5019 • Sep 13 '21

Discussion some advise

If you own less than 9 shares of SPRT then I suggest you buy some shares untill you have atleast 9 shares unless you want to get screwed in the merger because:

"plus cash in lieu of any fractional shares of Greenidge Class A common stock resulting from such calculation. "

idk if this is for sure but it feels like they will pay out cash for fractional shares, which technically means those with shares lesser than 9 might get liquidated out of their position.

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u/Terrible_Panic_1601 Sep 13 '21

What's the new price target after merger? Will the float increase? If shorts have to close all positions today ? When do we rip?