Argo Blockchain (ARBK) disclosed that it received a delisting notice from Nasdaq on July 18, 2025, after its American Depositary Shares closed below the $1.00 minimum bid requirement for 30 consecutive business days. The company has formally requested a hearing to stay any suspension or delisting action.
The company first fell out of compliance on January 16, 2025, when its ADSs failed to meet Nasdaq Listing Rule 5450(a)(1), and despite a cure period ending July 15, it did not regain the required $1.00 per-share bid price. By requesting a hearing before a Nasdaq Hearings Panel, Argo expects its securities to continue trading under the symbol ARBK pending the outcome.
If the hearing panel does not grant relief or if Argo cannot restore the ADS bid price above $1.00, the shares could be suspended or delisted, potentially shifting trading to the over-the-counter market, a move that may reduce liquidity and adversely affect the ADS price.
At time of publication, ARBK is up 2.4%.
