Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 2)1
Support.com, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
86858W200
(CUSIP Number)
Greg Lempel
2727 Kirby Drive, Unit 29L
Houston, Texas 77098
713-482-2196
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
September 14, 2021
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1 | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
1 | NAME OF REPORTING PERSON
BLR Partners LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
WC | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
- 0 - | ||||
8 | SHARED VOTING POWER
- 0 - | |||||
9 | SOLE DISPOSITIVE POWER
- 0 - | |||||
10 | SHARED DISPOSITIVE POWER
- 0 - | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14 | TYPE OF REPORTING PERSON
PN |
1 | NAME OF REPORTING PERSON
BLRPart, LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
- 0 - | ||||
8 | SHARED VOTING POWER
- 0 - | |||||
9 | SOLE DISPOSITIVE POWER
- 0 - | |||||
10 | SHARED DISPOSITIVE POWER
- 0 - | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14 | TYPE OF REPORTING PERSON
PN |
1 | NAME OF REPORTING PERSON
BLRGP Inc. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
- 0 - | ||||
8 | SHARED VOTING POWER
- 0 - | |||||
9 | SOLE DISPOSITIVE POWER
- 0 - | |||||
10 | SHARED DISPOSITIVE POWER
- 0 - | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14 | TYPE OF REPORTING PERSON
CO |
1 | NAME OF REPORTING PERSON
Fondren Management, LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
td> | 7 | SOLE VOTING POWER
- 0 - | |||
8 | SHARED VOTING POWER
- 0 - | |||||
9 | SOLE DISPOSITIVE POWER
- 0 - | |||||
10 | SHARED DISPOSITIVE POWER
- 0 - | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14 | TYPE OF REPORTING PERSON
PN |
1 | NAME OF REPORTING PERSON
FMLP Inc. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
- 0 - | ||||
8 | SHARED VOTING POWER
- 0 - | |||||
9 | SOLE DISPOSITIVE POWER
- 0 - | |||||
10 | SHARED DISPOSITIVE POWER
- 0 - | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14 | TYPE OF REPORTING PERSON
CO |
1 | NAME OF REPORTING PERSON
Bradley L. Radoff | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3 | SEC USE ONLY
| |||||
4 | SOURCE OF FUNDS
AF, PF, OO | |||||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
☐ | |||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION
USA | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
- 0 - | ||||
8 | SHARED VOTING POWER
- 0 - | |||||
9 | SOLE DISPOSITIVE POWER
- 0 - | |||||
10 | SHARED DISPOSITIVE POWER
- 0 - | |||||
11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
- 0 - | |||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% | |||||
14 | TYPE OF REPORTING PERSON
IN |
The following constitutes Amendment No. 2 (Amendment No. 2) to the Schedule 13D filed by the undersigned on June 27, 2016, as amended by the Schedule 13D/A filed by the undersigned on March 30, 2021 (the Schedule 13 D). This Amendment No.2 amends the Schedule 13D as specifically set forth herein.
Item 4. | Purpose of Transaction. |
Item 4 is hereby amended to add the following:
On September 14, 2021, pursuant to the Agreement and Plan of Merger, entered into among Support.com, Inc., a Delaware corporation (the Issuer), Greenidge Generation Holdings Inc., a Delaware corporation (Greenidge) and GGH Merger Sub, Inc., a Delaware corporation (Merger Sub), dated March 19, 2021 (the Merger Agreement), Merger Sub merged with and into the Issuer (the Merger), with the Issuer surviving the Merger as a wholly-owned subsidiary of Greenidge.
Under the terms of the Merger Agreement, at the effective time of the Merger (the Effective Time), among other things, (i) each share of common stock, par value $0.0001, of the Issuer (the Common Stock) issued and outstanding immediately prior to the Effective Time was cancelled and extinguished and automatically converted into the right to receive 0.115 shares (the Exchange Ratio) of Class A0;A Common Stock, par value $0.0001, of Greenidge (the Greenidge Class A Common Stock) and (ii) each outstanding restricted stock unit of the Issuer immediately prior to the Effective Time (the RSUs) was accelerated, and the holder of each RSU received the right to receive an amount of Greenidge Class A Common Stock equal to the Exchange Ratio, multiplied by the number of shares of Common Stock underlying such RSU, unless such holder elected to satisfy such obligation with cash.
On March 19, 2021, Mr. Radoff and BLR Partners entered into a Support Agreement (the Support Agreement) with Greenidge and the other shareholders of the Issuer party thereto (the Shareholders), pursuant to which the Shareholders agreed, among other things, to vote their shares of Common Stock in favor of the adoption of the Merger Agreement, subject to the terms and conditions set forth in the Support Agreement. Following the closing of the Merger, the Support Agreement was terminated in accordance with its terms.
In connection with the consummation of the Merger, the reporting persons have been advised that the Issuer notified representatives of The Nasdaq Stock Market LLC (NASDAQ) that the Merger had been completed and requested that NASDAQ delist the Common Stock. As a result, trading of the Common Stock, which traded under the ticker symbol SPRT on NASDAQ, was suspended after to the close of trading on NASDAQ on September 14, 2021. In addition, the reporting persons have been advised that the Issuer requested that NASDAQ file with the U.S. Securities and Exchange Commission (the SEC) a Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act), on Form 25 in order to effect the delisting of the shares of the Common Stock from NASDAQ and deregistration of such shares under Section 12(b) of the Exchange Act.
The foregoing description of the Support Agreement does not purport to be complete and is qualified in its entirety by reference to the form of Support Agreement, which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. In addition, reference is made to the Merger Agreement, which is attached as Exhibit 2.1 to the Issuers Form 8-K filed with the SEC on March 22, 2021.
Item 5. | Interest in Securities of the Issuer. |
Items 5(a) (c) are hereby amended and restated to read as follows:
The aggregate percentage of Common Stock reported owned by each person named herein is as follows:
A. | BLR Partners |
(a) | As of the close of business on September 14, 2021, BLR Partners beneficially owned 0 shares of Common Stock. |
Percentage: 0%
(b) | 1. Sole power to vote or direct vote: 0 |
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 0
(c) | BLR Partners has not entered into any transactions in the Common Stock during the past 60 days. |
B. | BLRPart GP |
(a) | BLRPart GP, the general partner of BLR Partners, beneficially owned 0 shares of Common Stock. |
Percentage: 0%
(b) | 1. Sole power to vote or direct vote: 0 |
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 0
(c) | BLRPart GP has not entered into any transactions in the Common Stock during the past 60 days. |
C. | BLRGP |
(a) | BLRGP, the general partner of BLRPart GP, beneficially owned 0 shares of Common Stock. |
Percentage: 0%
(b) | 1. Sole power to vote or direct vote: 0 |
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 0
(c) | BLRGP has not entered into any transactions in the Common Stock during the past 60 days. |
D. | Fondren Management |
(a) | Fondren Management, the investment manager of BLR Partners, beneficially owned 0 shares of Common Stock. |
Percentage: 0%
(b) | 1. Sole power to vote or direct vote: 0 |
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 0
(c) | Fondren Management has not entered into any transactions in the Common Stock during the past 60 days. |
E. | FMLP |
(a) | FMLP, the general partner of Fondren Management, benef icially owned 0 shares of Common Stock. |
Percentage: 0%
(b) | 1. Sole power to vote or direct vote: 0 |
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 0
(c) | FMLP has not entered into any transactions in the Common Stock during the past 60 days. |
F. | Mr. Radoff |
(a) | As of the close of business on September 14, 2021, Mr. Radoff beneficially owned 0 shares of Common Stock. |
Percentage: 0%
(b) | 1. Sole power to vote or direct vote: 0 |
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition: 0
(c) | Mr. Radoff has not entered into any transactions in the Common Stock during the past 60 days. |
Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. |
Item 6 is hereby amended to add the following:
The information provided or incorporated by reference in Item 4 is hereby incorporated by reference herein.
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: September 15, 2021
BLR Partners LP | ||||
By: | BLRPart, LP General Partner | |||
By: | BLRGP Inc. General Partner | |||
By: | /s/ Bradley L. Radoff | |||
Name: | Bradley L. Radoff | |||
Title: | Sole Director | |||
BLRPart, LP | ||||
By: | BLRGP Inc. General Partner | |||
By: | /s/ Bradley L. Radoff | |||
Name: | Bradley L. Radoff | |||
Title: | Sole Director | |||
BLRGP Inc. | ||||
By: | /s/ Bradley L. Radoff | |||
Name: | Bradley L. Radoff | |||
Title: | Sole Director | |||
Fondren Management, LP | ||||
By: | FMLP Inc. General Partner | |||
By: | /s/ Bradley L. Radoff | |||
Name: | Bradley L. Radoff | |||
Title: | Sole Director |
FMLP Inc. | ||||
By: | /s/ Bradley L. Radoff | |||
Name: | Bradley L. Radoff | |||
Title: | Sole Director |
/s/ Bradley L. Radoff |
Bradley L. Radoff |