Argo Blockchain Faces Nasdaq Minimum Bid Price Compliance Deadline

Argo Blockchain PLC has been notified by Nasdaq that its shares have fallen below the minimum bid price requirement of $1.00 for 30 consecutive business days, thus failing to comply with Nasdaq Rule 5450(a)(1). The company now has until July 15, 2025, to rectify this deficiency. During this period, its shares will continue to be traded on the Nasdaq Global Select Market.

To regain compliance, Argo's shares must close at or above $1.00 for at least 10 consecutive business days before the deadline. The notification does not impact Argo’s operations or its listing on the London Stock Exchange. The company is exploring various options to address the issue.