Argo Blockchain shares sent lower following £7.8mln equity round
ARBKArgo Blockchain Plc(ARBK) Proactive Investors·2024-01-08 15:56

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) shares fell over 16% on Monday morning following a £7.8 million equity round. New shares were issued at 20.5p to institutional investors, marking a 24% discount to the previous closing price *though only a 1% discount on a volume-weighted 30-day basis). The net proceeds of the placing will be used for working capital, the repayment of indebtedness, and for general corporate purposes. Argo Blockchain also posted its December operational update ...