REG - Argo Blockchain PLC - Regained Compliance with Nasdaq

Argo BlockchainAnnouncement

23/01/2023 07:00

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RNS Number : 4722N  Argo Blockchain PLC  23 January 2023

Press Release

23 January 2023

Argo Blockchain plc

("Argo" or "the Company")

 

Regained Compliance with Nasdaq's Minimum Bid Price Rule

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB;
NASDAQ: ARBK), is pleased to announce that it  has received a letter from the
Listing Qualifications Department of The Nasdaq Stock Market ("Nasdaq")
informing the Company that it has regained compliance with Nasdaq Listing Rule
5450(a)(1),

As announced on 16 December, 2022, Argo was notified by Nasdaq that its common
stock had not maintained the minimum bid price of $1.00 over the previous
thirty consecutive business days, as required by the Listing Rules of the
Nasdaq Stock Market. To regain compliance, the Company was required to
maintain a minimum closing bid price of $1.00 for ten consecutive trading
days. This requirement was met on 13 January 2023. Accordingly, the Company
has regained compliance with Listing Rule 5450(a)(1), and Nasdaq has confirmed
to the Company that it considers this matter closed.

For further information please contact:

 Argo Blockchain
 Peter Wall                          ir@argoblockchain.com

 Chief Executive
 finnCap Ltd
 Corporate Finance                   +44 207 220 0500

 Jonny Franklin-Adams

 Seamus Fricker

 Joint Corporate Broker

 Sunila de Silva
 Tennyson Securities
 Joint Corporate Broker              +44 207 186 9030

 Peter Krens
 Tancredi Intelligent Communication

 UK & Europe Media Relations
 Salamander Davoudi                   argoblock@tancredigroup.com

 Emma Valgimigli

 Fabio Galloni-Roversi Monaco

 Nasser Al-Sayed

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With mining
facilities in Quebec, mining operations in Texas, 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.
Argo also participates in several Web 3.0, DeFi and GameFi projects through
its Argo Labs division, further contributing to its business operations, as
well as the development of the cryptocurrency markets. For more information,
visit (http://www.argoblockchain.com/) www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

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