Argo Blockchain PLC raises £6.5M in private placement with institutional investor, issuing 57.8M shares at £0.1125 each.

Argo Blockchain PLC announces a private placement with an institutional investor, raising £6.5M. The company will issue 57.8M ordinary shares at £0.1125 each, along with accompanying warrants for 57.8M shares at £0.1125 with a five-year exercise period. The issuance price is at a premium to the 30, 60, and 90-day VWAPs and a 10% discount to the closing middle market price on 29 July 2024.

July 30, 2024
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