Argo Blockchain PLC Closing of 8.75% Senior Notes due 2026 Offering (7565S)
18 November 2021 - 6:00PM
UK Regulatory
TIDMARB
RNS Number : 7565S
Argo Blockchain PLC
18 November 2021
Press release
18 November 2021
Argo Blockchain PLC
("Argo" or "the Company")
Argo Announces Closing of 8.75% Senior Notes due 2026
Offering
Argo Blockchain, a global leader in cryptocurrency mining (LSE:
ARB; NASDAQ: ARBK), announced the closing of its SEC-registered
public offering of $40.0 million aggregate principal amount of
8.75% Senior Notes due 2026 (the "Notes").
The Notes are expected to begin trading on Nasdaq under the
symbol "ARBL" following the closing date of this offering.
The offering resulted in net proceeds of approximately $38.6
million after deducting underwriting discounts and commission, but
before expenses and fees. The Company intends to use the net
proceeds from this offering for general corporate purposes, the
construction of, and purchase of mining machines for, its Texas
cryptocurrency mining facility and potentially acquisitions of, or
investments in, complementary businesses in the cryptocurrency and
blockchain technology industries.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The Notes may only be
offered and sold under the Company's registration statement on Form
F-1, as amended, which has been filed with the Securities and
Exchange Commission ("SEC") and declared effective on November 12,
2021. A copy of the registration statement is available on the
SEC's website at www.sec.gov . When available, copies of the
prospectus related to the offering may be obtained from the offices
of B. Riley Securities, Inc. at 1300 North 17th Street, Suite 1400,
Arlington, VA 22209, by calling (703) 312--9580 or by emailing
prospectuses@brileyfin.com .
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
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finnCap Ltd
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Corporate Finance
Jonny Franklin-Adams
Tim Harper
Joint Corporate Broker
Sunila de Silva +44 207 220 0500
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Tennyson Securities
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Joint Corporate Broker
Peter Krens +44 207 186 9030
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OTC Markets
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Jonathan Dickson +44 204 526 4581
jonathan@otcmarkets.com +44 7731 815 896
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Tancredi Intelligent Communication
UK & Europe Media Relations
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Emma Valgimigli
Emma Hodges +44 7727 180 873
Salamander Davoudi +44 7861 995 628
argoblock@tancredigroup.com +44 7957 549 906
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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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END
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