Argo blockchain plc announces nasdaq notification - minimum bid price deficiency

Argo receives nasdaq notification regarding minimum bid price deficiency london, uk / accesswire / december 16, 2022 / argo blockchain plc, a global leader in cryptocurrency mining (lse:arb)(nasdaq:arbk), announces today that it has received written notification (the "notification letter") from the nasdaq stock market llc listing qualifications department ("nasdaq") that it is not in compliance with the minimum bid price requirement set forth in nasdaq rule 5450(a)(1) since the closing bid price for the company's american depositary shares ("ads") listed on the nasdaq global select market was below $1.00 for 30 consecutive business days. in accordance with listing rule 5810(c)(3)(a), the company has until 12 june 2023, to regain compliance with the minimum bid price requirement, during which time the adss are expected to continue to trade on the nasdaq global select market.
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