ARGO DEADLINE NOTICE: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Argo To Contact Him Directly To Discuss Their Options

ARGO DEADLINE NOTICE: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Argo To Contact Him Directly To Discuss Their Options

Mar 18, 2023 by PR Newswire

Key Facts

  • Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Argo Blockchain plc ("Argo" or the "Company") (NASDAQ: ARBK, ARBKL) and reminds investors of the March 27, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
  • If you suffered losses exceeding $100,000 investing in Argo stock or options between (a) Argo American Depository Shares ("ADSs") pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company's initial public offering conducted on or about September 23, 2021 (the "IPO" or "Offering"); and/or (b) Argo securities between September 23, 2021 and October 10, 2022, both dates inclusive (the "Class Period").
  • The complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation.
  • On June 7, 2022, Argo issued a press release providing an operational update, in which it disclosed that it had mined approximately 25% fewer BTC in May 2022 compared to April 2022 because of, inter alia, increased network difficulty, higher electricity prices, and the curtailment of mining operations at its Helios facility.

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