Argo Blockchain regains compliance with Nasdaq listing rule

Argo Blockchain announces that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market 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. Argo Blockchain shares are up 9% in pre-market at $1.88.