Share this article
Argo Blockchain Suspends Trading in US Shares for 24 Hours
The company said earlier this month it was close to restructuring without having to declare bankruptcy.
Updated May 9, 2023, 4:05 a.m. Published Dec 27, 2022, 12:06 p.m. 1 min read
Argo Blockchain, a crypto miner whose shares trade on the London Stock Exchange (ARB) and Nasdaq (ARBK), said it requested a 24-hour suspension of U.S. trading. U.K. markets are closed Tuesday.
The London-based company, which has been in talks to secure financing, said it intends to make a statement before the start of trading on Wednesday.
On Dec. 12, the company said it was close to restructuring without having to declare bankruptcy. At that time, it said it was in advanced negotiations to sell some of its assets and carry out an equipment financing transaction to strengthen its balance sheet and improve its liquidity.
More For You
FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.
What to know:
- FalconX has confidentially filed a draft S-1 with the SEC and hired Cantor to advise on a potential IPO, according to a source.
- The crypto prime broker, last valued at $8 billion in 2022, serves institutional clients including hedge funds, asset managers and market makers.
- Cooling investor sentiment, weaker trading...
Top Stories
