NEW YORK, Oct. 11, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Argo Blockchain plc, Inc. ("Argo" or the "Company") (NASDAQ: ARBK). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Argo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On or around September 22, 2021, Argo conducted its initial public offering ("IPO"), selling 7.5 million American Depositary Shares ("ADSs") priced at $15.00 per ADS.
On October 7, 2022, Argo issued a press release "announc[ing] several strategic actions that are intended to bring in additional capital to the business and ensure that the Company has the working capital necessary to execute its current strategy and meet its obligations over the next twelve months." Argo stated that in addition...
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