Argo Blockchain announced it received a written notification from the Nasdaq Stock Market LLC Listing Qualifications Department regarding non-compliance with the minimum bid price requirement. The company's American Depositary Shares (ADS) had a closing bid price below $1.00 for 30 consecutive business days.
In accordance with Nasdaq Rule 5810(c)(3)(A), Argo has until July 15, 2025, to regain compliance with this requirement. Failure to meet this standard could result in the delisting of its ADSs from the Nasdaq Global Select Market.
This notification highlights a significant regulatory challenge for the company, impacting its listing status and potentially investor confidence.
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