Argo Blockchain shares drop 14.97% in premarket after announcing financial restructuring plan and delaying annual shareholder meeting.

Argo Blockchain Plc plunged 14.97% in premarket trading, following the company's announcement of a financial restructuring plan that could result in the cancellation of existing shareholders' shares and only nominal compensation, with Growler Mining set to hold at least 80% of the shares. Additionally, the company postponed its annual general meeting due to insufficient legal quorum, increasing governance uncertainty.