NEW YORK,
March 22,
2023 /PRNewswire/ -- The Gross Law Firm issues the
following notice to shareholders of Argo Blockchain plc.
Shareholders who purchased shares of ARBK during
the class period listed are encouraged to contact the firm
regarding possible lead plaintiff appointment. Appointment as lead
plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/argo-blockchain-plc-loss-submission-form/?id=37476&from=4
CLASS PERIOD: This lawsuit is on behalf of
persons and entities that purchased or otherwise acquired: (a) Argo
American Depository Shares pursuant and/or traceable to the
documents issued in connection with the Company's initial public
offering conducted on or about September 23,
2021; and/or (b) Argo securities between September 23, 2021 and October 10, 2022, both dates inclusive.
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially 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 Argo's ability to mine
Bitcoin or Bitcoin equivalents, 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 documents issued in connection with the Company's
initial public offering and defendants' public statements
throughout the class period were materially false and/or misleading
and failed to state information required to be stated therein.
DEADLINE: March 27,
2023 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/argo-blockchain-plc-loss-submission-form/?id=37476&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you
register as a shareholder who purchased shares of ARBK during the
timeframe listed above, you will be enrolled in a portfolio
monitoring software to provide you with status updates throughout
the lifecycle of the case. The deadline to seek to be a lead
plaintiff is March 27, 2023. There is
no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is
nationally recognized class action law firm, and our mission is to
protect the rights of all investors who have suffered as a result
of deceit, fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm