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Support.com, Inc. Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Support.com, Inc. (“SPRT” or the “Company”) (NASDAQ: SPRT) in connection with the Company’s proposed merger with Greenidge Generation Holdings Inc. (“Greenidge”), a privately held holding company that includes Greenidge Generation LLC, a vertically integrated bitcoin mining and power generation facility.  Under the terms of the merger agreement, SPRT shareholders will receive approximately 0.124 shares of Class A common stock of Greenridge for each SPRT share they own.  At close of the transaction, SPRT will become a wholly-owned subsidiary of Greenidge, which is expected to be listed on NASDAQ.  Following consummation, existing SPRT shareholders will own a meager 8% of the new entity, with Greenridge shareholders retaining a 92% stake in the combined company.

WeissLaw LLP is investigating whether SPRT’s board acted in the best interest of SPRT’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Greenidge, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to SPRT’s public shareholders.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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March 2, 2021

Communications Systems, Inc. Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Communications Systems, Inc. (“CSI” or the “Company”) (NASDAQ: JCS) in connection with the Company’s proposed merger with Pineapple Energy, LLC (“Pineapple”), a privately-held U.S. operator and consolidator of residential solar, battery storage, and grid services solutions. Under the terms of the merger agreement, CSI and Pineapple will combine through a reverse merger that will result in the combined company continuing to trade on the Nasdaq Capital Market under the new ticker symbol “PEGY.” In conjunction with the merger, CSI intends to divest substantially all its current operating and non-operating assets. CSI expects the sale proceeds from any pre-merger divestitures to be distributed in the form of a cash dividend to existing CSI shareholders prior to the effective date of the merger. In addition, CSI expects to distribute to the pre-merger shareholders a cash dividend of at least $1.00 per share prior to the closing of the merger. Moreover, under the terms of the merger agreement, (i) each CSI shareholder as of the merger record date, will receive Contingent Value Rights (“CVRs”) that reflect the right to receive that shareholder’s percentage of the net proceeds from the sale of legacy CSI businesses and assets, after the closing; and (ii) current CSI shareholders will retain shares in the combined company, initially holding approximately 37% of total shares outstanding.

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