Argo blockchain to suspend trading on NASDAQ for 24 hours

Argo blockchain to suspend trading on NASDAQ for 24 hours

Argo blockchain to suspend trading on NASDAQ for 24 hours Argo blockchain to suspend trading on NASDAQ for 24 hours Christian Nwobodo · 3 days ago · 1 minutes checked out

Argo has actually asked for to suspends trading of its ADDs and unsecured notes on NASDAQ for about 24 hours, as the LSE market closes on Dec. 27.

1 minutes checked out

Upgraded: December 27, 2022 at 2:07 pm

Argo blockchain to suspend trading on NASDAQ for 24 hours

Cover art/illustration by means of CryptoSlate

Haru Invest

Bitcoin mining company Argo blockchain has actually asked for to suspend the trading of its United States shares on NASDAQ, reliable Dec. 27.

The distressed mining company stated in a Dec. 27 news release, that the transfer to suspend trading of its shares, belongs to a statement due on Dec. 28.

As an outcome, Argo has actually asked for that the UK Financial Conduct Authority (FCA) suspends trading of its ADDs and unsecured notes on NASDAQ for about 24 hours, as the London Stock Exchange market closes on Dec. 27.

Expectedly, trading for Argo’s regular shares will resume on Dec. 28, 2022, after the statement has actually been launched.

Previously on Dec. 10, the FCA suspended trading of Argo’s ARB shares, as reports emerged that the mining company was looking to submit for insolvency.

About 48 hours later on, Argo asked for that the trading of its shares be brought back on the London Stock Exchange.

Argo mentioned that although it had actually not applied for personal bankruptcy yet, it is at danger of not having adequate money to support its service operations over the next month.

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