Negative
Proactive Investors
1 month ago
Argo Blockchain shares slide as court approves meetings for restructuring plan
Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK) shares fell 9% at 2p on Friday and are down 58% over the past month after the company said it had secured court approval to move ahead with its restructuring process. The High Court in London has given the cryptocurrency miner permission to convene three meetings on 2 December, for shareholders, noteholders, and its secured lender, Growler Mining Tuscaloosa, to vote on its proposed restructuring plan under Part 26A of the Companies Act.