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Argo Blockchain shares drop 14.97% in premarket after announcing financial restructuring plan and delaying annual shareholder meeting.
ByAinvest
Tuesday, Jul 1, 2025 7:25 am ET1min read
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.
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