REG - Argo Blockchain PLC - Nasdaq Delisting Notice and Hearing Request

Argo BlockchainAnnouncement

24/07/2025 07:00

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RNS Number : 3323S  Argo Blockchain PLC  24 July 2025

Press Release

24 July 2025

Argo Blockchain plc

("Argo" or the "Company")

Argo Receives Nasdaq Delisting Notice and Intends to Request a Hearing

As previously announced, on 16 January 2025, Argo Blockchain plc (LSE: ARB;
Nasdaq: ARBK) received a letter from The Nasdaq Stock Market LLC Listing
Qualifications Department ("Nasdaq") indicating that it was not in compliance
with the minimum bid price requirement set forth in Nasdaq Listing Rule
5450(a)(1) because the bid price of Argo's American Depositary Shares ("ADSs")
closed below $1.00 per share for 30 consecutive business days.

Argo announces today that it received a letter from Nasdaq dated 18 July 2025,
indicating that Argo has not regained compliance with the minimum bid price
requirement pursuant to the cure period provided by Nasdaq Listing Rule
5810(c)(3)(A) by the prescribed deadline of 15 July 2025, and that, as a
result, Nasdaq has determined to delist Argo's ADSs from the Nasdaq Global
Select Market.

In accordance with the Nasdaq Listing Rules, Argo intends to request a hearing
before a Nasdaq Hearings Panel. The hearing request will automatically stay
any suspension or delisting action pending the conclusion of the hearings
process and it is expected that the Company's securities will continue to
trade on Nasdaq under its trading symbol: ARBK.

There can be no assurance that Argo will be able to regain compliance with the
minimum bid price requirement or will otherwise be in compliance with all
other applicable Nasdaq Listing Rules, or that Argo's hearing will be
successful.

If Argo's securities are suspended from trading on or delisted from Nasdaq, it
could become more difficult to buy or sell Argo's ADSs or to obtain accurate
quotations, and the price of Argo's ADSs could suffer a material decline.

Further announcements will be made as appropriate.

This announcement contains inside information.

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com (mailto:ir@argoblockchain.com)
 Tennyson Securities
 Corporate Broker                    +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker                        +44 7493 989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
 Tancredi Intelligent Communication   argoblock@tancredigroup.com

 UK & Europe Media Relations

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With a mining
facility in Quebec and offices in the US, Canada, and the UK, Argo's global,
sustainable operations are predominantly powered by renewable energy. In 2021,
Argo became the first climate positive cryptocurrency mining company, and a
signatory to the Crypto Climate Accord. For more information, visit
(http://www.argoblockchain.com/) www.argoblockchain.com
(http://www.argoblockchain.com/) .

This release contains information about Argo management's view of future
expectations, plans and prospects that constitute forward-looking statements
for purposes of the safe harbor provisions under The Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from
historical results or those indicated by these forward-looking statements as a
result of a variety of factors and are subject to certain assumptions, risks,
uncertainties and changes in circumstances. If Argo is unable to regain
compliance with the Nasdaq minimum bid price requirement and its hearing is
unsuccessful, its ADSs will be delisted from the Nasdaq Global Select Market.
If the ADSs are delisted from the Nasdaq Global Select Market, they may trade
on the over-the-counter market, which may be a less liquid market. In such
case, your ability to trade, or obtain quotations of the market value of, the
ADSs could be severely limited because of lower trading volumes and
transaction delays. These factors could contribute to lower prices and larger
spreads in the bid and ask prices for the ADSs.

 

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