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SHAREHOLDER ALERT FILING DEADLINE TODAY: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Argo Blockchain Plc of Class Action Lawsuit and Upcoming Deadline - ARBK; ARBKL

SHAREHOLDER ALERT FILING DEADLINE TODAY: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Argo Blockchain Plc of Class Action Lawsuit and Upcoming Deadline - ARBK; ARBKL

股東提醒今天提交截止日期:波美蘭茨律師事務所提醒股東對 Argo 區塊鏈公司的集體訴訟的投資虧損和即將到來的截止日期-ARBK; ARBKL
newsfile ·  2023/03/27 14:00

New York, New York--(Newsfile Corp. - March 27, 2023) - Pomerantz LLP announces that a class action lawsuit has been filed against Argo Blockchain plc ("Argo" or the "Company"), (NASDAQ: ARBK) (NASDAQ: ARBKL), and certain officers and directors. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 23-cv-00572, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Argo American Depository Shares ("ADSs") pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company's initial public offering conducted on or about September 23, 2021 (the "IPO" or "Offering"); and/or (b) Argo securities between September 23, 2021 and October 10, 2022, both dates inclusive (the "Class Period"). Plaintiff pursues claims against the Defendants under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act").

紐約,紐約-(Newsfile Corp.-2023年3月27日)-波美蘭茨有限責任公司宣佈,已對Argo BlockChain Plc(以下簡稱ARGO)、納斯達克(Sequoia Capital:ARBK)(納斯達克股票代碼:ARBKL)以及某些高管和董事提起集體訴訟。這起集體訴訟是在紐約東區美國地區法院提起的,案卷編號為23-cv-00572,代表的是購買或以其他方式獲得的所有個人和實體(被告除外)組成的類別:(A)ARGO美國存托股份(ADS),根據和/或可追溯到與公司於2021年9月23日或前後進行的首次公開募股(“首次公開募股”或“發售”)發行的發售檔案(定義見下文);和/或(B)2021年9月23日至2022年10月10日(首尾兩日包括在內)的ARGO證券(“班級期間”)。原告根據1933年《證券法》(“證券法”)和1934年《證券交易法》(《交易法》)向被告提出索賠。

If you are a shareholder who purchased or otherwise acquired (a) Argo ADSs pursuant and/or traceable to the Offering Documents issued in connection with the Company's IPO, and/or (b) Argo securities during the Class Period, you have until March 27, 2023 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at . To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

如果您是購買或以其他方式獲得(A)Argo ADS和/或可追溯到與本公司IPO相關的發售檔案的ARGO ADS,和/或(B)類期間的ARGO證券的股東,您可以在2023年3月27日之前請求法院指定您為類的首席原告。投訴的副本可在以下網址獲得。要討論這一行動,請聯繫羅伯特·S·威洛比,電子郵件:newaction@pomlaw.com或888.476.6529(或888.4-POMLAW),免費,分機。7980號。鼓勵通過電子郵件查詢的人包括他們的郵寄地址、電話號碼和購買的股票數量。

[Click here for information about joining the class action]

[有關加入集體訴訟的資訊,請單擊此處]

Argo, together with its subsidiaries, purports to engage in the cryptocurrency mining business worldwide, including the mining of Bitcoin or Bitcoin equivalents (together, "BTC").

Argo及其子公司聲稱在全球範圍內從事加密貨幣開採業務,包括開採位元幣或位元幣等價物(統稱為BTC)。

Argo maintains a fleet of thousands of BTC mining machines at facilities located in Canada and Dickens County, Texas. The Company's Texas facility is referred to as its "Helios" facility.

Argo在加拿大和得克薩斯州狄肯斯縣的設施中維護著一支由數千臺BTC礦機組成的機隊。該公司在德克薩斯州的工廠被稱為“Helios”工廠。

On August 19, 2021, Argo filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") in connection with the IPO, which, after several amendments, was declared effective by the SEC on September 22, 2021 (the "Registration Statement").

2021年8月19日,ARGO向美國證券交易委員會(“美國證券交易委員會”)提交了與此次首次公開募股相關的F-1表格註冊說明書,經過多次修改,美國證券交易委員會於2021年9月22日宣佈生效(“註冊說明書”)。

On September 23, 2021, Argo filed a prospectus on Form 424B4 with the SEC in connection with the IPO, which incorporated and formed part of the Registration Statement (the "Prospectus" and, together with the Registration Statement, the "Offering Documents").

2021年9月23日,ARGO向美國證券交易委員會提交了與此次首次公開募股相關的424B4表格招股說明書,該招股說明書併入並構成了註冊說明書(以下簡稱招股說明書)的一部分,與註冊說明書一起,構成了《發售檔案》。

On or about September 23, 2021, pursuant to the Offering Documents, Argo conducted the IPO, issuing 7.5 million ADSs to the public at the Offering price of $15 per ADS for approximate proceeds of $105 million to the Company before expenses and after applicable underwriting discounts and commissions.

2021年9月23日左右,根據招股檔案,ARGO進行了首次公開募股,以每美國存托股份15美元的發行價向公眾發行了750萬份美國存託憑證,扣除費用前和扣除適用的承銷折扣和佣金後,該公司將獲得約1.05億美元的收益。

The complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (i) Argo was highly susceptible to and/or suffered from significant capital constraints, electricity and other costs, and network difficulties; (ii) the foregoing issues hampered, inter alia, Argo's ability to mine BTC, execute its business strategy, meet its obligations, and operate its Helios facility; (iii) as a result, Argo's business was less sustainable than Defendants had led investors to believe; (iv) accordingly, Argo's business and financial prospects were overstated; and (v) as a result, the Offering Documents and Defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein.

起訴書稱,發售檔案是疏忽編制的,因此,含有對重大事實的不真實陳述,或遺漏了使所作陳述不具誤導性所需的其他事實,並且沒有按照有關編制檔案的規則和規定編制。此外,在整個上課期間,被告就公司的業務、運營和前景做出了重大虛假和誤導性的陳述。具體地說,發售檔案和被告作出虛假和/或誤導性陳述和/或未能披露:(I)Argo非常容易受到和/或遭受重大資本限制、電力和其他成本以及網路困難;(Ii)上述問題阻礙了,除其他外除上文所述外,Argo的業務及財務前景被誇大;及(V)因此,Argo的業務及財務前景被誇大;及(V)因此,發售檔案及被告在整個上市期間的公開聲明均屬重大失實及/或誤導性陳述,且未能陳述當中規定須予陳述的資料。

On June 7, 2022, Argo issued a press release providing an operational update, in which it disclosed that it had mined approximately 25% fewer BTC in May 2022 compared to April 2022 because of, inter alia, increased network difficulty, higher electricity prices, and the curtailment of mining operations at its Helios facility.

2022年6月7日,Argo發佈了一份新聞稿,提供了運營最新情況,其中披露,與2022年4月相比,它在2022年5月開採的BTC減少了約25%,原因是,除其他外,網路困難增加,電價上漲,以及其Helios設施的採礦作業減少。

On this news, Argo's ADS price fell $0.28 per ADS, or 4.4%, to close at $6.09 per ADS on June 7, 2022.

受此消息影響,2022年6月7日,ARGO的美國存托股份價格下跌0.28美元/美國存托股份,跌幅4.4%,收於6.09美元/美國存托股份。

On October 7, 2022, Argo issued a press release "announc[ing] several strategic actions that are intended to bring in additional capital to the business and ensure that the Company has the working capital necessary to execute its current strategy and meet its obligations over the next twelve months." Argo stated that in addition to measures being undertaken to reduce costs and preserve capital, the Company had signed a non-binding letter of intent with an affiliate of New York Digital Investment Group to amend an existing equipment financing agreement, plans to sell 3,400 mining machines for cash proceeds of £6 million, and intends to raise approximately £24 million via a proposed subscription with a strategic investor.

2022年10月7日,Argo發佈了一份新聞稿,“宣佈了幾項旨在為業務帶來額外資本並確保公司擁有執行當前戰略和履行未來12個月義務所需營運資金的戰略行動。”Argo表示,除了正在採取的降低成本和保存資本的措施外,公司還與紐約數字投資集團的一家關聯公司簽署了一份不具約束力的意向書,以修訂現有的設備融資協定,計劃出售3,400臺礦機以換取600萬GB的現金收益,並打算通過與戰略投資者的擬議認購籌集約2400萬GB的資金。

On this news, Argo's ADS price fell $0.97 per ADS, or 23.26%, to close at $3.20 per ADS on October 7, 2022.

受此消息影響,2022年10月7日,ARGO的美國存托股份價格下跌0.97美元/美國存托股份,跌幅23.26%,收於3.20美元/美國存托股份。

Then, on October 11, 2022, Argo issued a press release providing an operational update, in which it announced that "[d]uring the month of September, Argo mined 215 [BTC] compared to 235 BTC in August 2022" which was "primarily due to a 12% increase in average network difficulty during September." Argo also stated that it "is continuing to curtail operations at its Helios facility in Dickens County, Texas during periods of high electricity prices" and was replacing the Company's Chief Technology Officer.

然後,在2022年10月11日,Argo發佈了一份新聞稿,提供了最新的運營情況,其中宣佈“9月份,Argo開採了215個[BTC],而2022年8月只開採了235個BTC”,這“主要是因為9月的平均網路難度增加了12%”。Argo還表示,“在電價居高不下期間,它將繼續削減其位於得克薩斯州狄肯斯縣的Helios工廠的運營”,並將更換該公司的首席技術官。

On this news, Argo's ADS price fell $0.27 per ADS, or 10.98%, to close at $2.19 per ADS on October 11, 2022.

受此消息影響,2022年10月11日,ARGO的美國存托股份價格下跌0.27美元/美國存托股份,跌幅10.98%,收於2.19美元/美國存托股份。

As of the time the complaint was filed, Argo's ADSs continued to trade below the $15 per ADS Offering price, damaging investors.

截至提起訴訟時,Argo的美國存託憑證的交易價格繼續低於每美國存托股份15美元的發行價,損害了投資者的利益。

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .

Pmerantz LLP在紐約、芝加哥、洛杉磯、倫敦、巴黎和特拉維夫設有辦事處,被公認為公司、證券和反壟斷類訴訟領域的頂級律師事務所之一。由已故的亞伯拉罕·L·波美蘭茨創立的波美蘭茨是證券集體訴訟領域的先驅,他被稱為集體訴訟律師協會的負責人。85多年後的今天,波美蘭茨繼續他建立的傳統,為證券欺詐、違反受託責任和公司不當行為的受害者爭取權利。該公司已經代表班級成員追回了無數數百萬美元的損害賠償金。請看。

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

聯繫方式:
羅伯特·S·威洛比
波美蘭茨律師事務所
郵箱:rswilloughby@pomlaw.com
888-476-6529分機7980

To view the source version of this press release, please visit

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