Argo Announces Closing of U.S. Initial Public Offering
28 September 2021 - 3:56AM
Business Wire
Argo Blockchain Plc (LSE: ARB; OTCQX: ARBKF), (“Argo” or the
“Company”), a global leader in cryptocurrency mining, is pleased to
announce the closing of its offering of an aggregate of 8,525,000
American Depositary Shares ("ADSs") representing 85,250,000
ordinary shares at a public offering price of $15 per ADS, for
aggregate proceeds of approximately $127,875,000, before deducting
underwriting discounts and commissions.
The number of ADS included in the offering comprises the
7,500,000 ADSs referred to in the Company’s announcement of the
pricing of the offering, released on September 22, 2021, together
with a further 1,025,000 ADSs, which have been purchased by the
underwriters pursuant to the option to purchase additional ADSs
referred to in that announcement.
Each ADS offered represents 10 ordinary shares of Argo
Blockchain. The ADSs were offered in a registered public offering
in the United States (the "Offering"). Argo Blockchain’s ADSs began
trading on the Nasdaq Global Select Market under the ticker symbol
“ARBK” on September 23, 2021.
Jefferies and Barclays are acting as joint book-running managers
for the Offering. Canaccord Genuity and Stifel GMP are acting as
co-lead managers for the Offering. Compass Point, D.A. Davidson
& Co., Ladenburg Thalmann, Roth Capital Partners, finnCap Ltd.
and Tennyson Securities are acting as co-managers for the
Offering.
The Offering was made only by means of a prospectus filed with
the U.S. Securities and Exchange Commission (the “SEC”). Copies of
the preliminary prospectus relating to and describing the terms of
the proposed Offering may be obtained from any of the following
sources:
- Jefferies LLC, Attention: Equity Syndicate Prospectus
Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by
telephone at (877) 821-7388 or by email at
Prospectus_Department@Jefferies.com, or
- Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, telephone: 1-888-603-5847,
or by email at barclaysprospectus@broadridge.com.
A registration statement relating to these securities was
declared effective on September 22, 2021 by the SEC. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities law of any such state or
jurisdiction.
This announcement contains inside information.
About Argo
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB and on the Nasdaq Global Select Market in the
United States under the ticker: ARBK.
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version on businesswire.com: https://www.businesswire.com/news/home/20210927005729/en/
Carissa Felger/Genevieve Pirrong Gasthalter & Co. (212)
257-4170
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