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Argo Blockchain Expects UK FCA to repair checklist after spot 11 Webpage Snafu
Argo Blockchain Expects UK FCA to repair checklist after spot 11 Webpage Snafu
2022-12-14 17:52:28
Argo Blockchain PLC observed late Monday it has requested the U.okay. monetary behavior ascendancy to restore its listing of normal shares on the London inventory alternate.
The London-listed cryptocurrency mining company pointed out the FCA suspended trading of its shares on Dec. after certain abstract materials, which adumbrated the enterprise changed into filing for part bankruptcy, were aback posted as a verify page on its web page.
The draft materials referred to Argo Blockchain become prone to accepting insufficient cash to assist its enterprise operations in the next ages. additionally, the materials delivered, the enterprise become in superior discussions with a third celebration to promote definite belongings and engage in an machine costs transaction it believed would give a boost to its balance area and increase liquidity.
The company is hopeful that it should be capable of consummate the transaction outdoor of a voluntary spot eleven chapter filing within the united states, although there is not any assurance that the company can prevent this type of filing, Argo Blockchain noted.
