UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.
20549
_____________________
FORM 6-K
_____________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of November, 2021
Commission File Number: 333-258926
_____________________
Argo Blockchain plc
(Translation
of registrant’s name into English)
_____________________
9th Floor
16
Great Queen Street
London WC2B 5DG
England
(Address of
principal executive office)
_____________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F
☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBIT INDEX
Exhibit
No.
1
|
Description
Proposed
Public Offering dated 08 November 2021
|
Press release
8 November 2021
Argo Blockchain PLC
("Argo"
or "the Company")
Argo Announces Proposed Public Offering of 8.75% Senior Notes Due
2026
Argo Blockchain, a global leader in cryptocurrency
mining (LSE: ARB; NASDAQ: ARBK), announced today that it has filed
a registration statement on Form F-1 with the United States
Securities and Exchange Commission (the "SEC") relating to its proposed public offering (the
"Offering") of 8.75% Senior Notes due 2026 (the
"Notes"). Argo plans to offer the Notes in minimum
denominations of $25.00 and integral multiples of $25.00 in excess
thereof. 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.
In connection with the Offering, Argo has applied
to list the Notes on the Nasdaq Global Select Market
("Nasdaq") under the symbol "ARBKL." If approved for
listing, trading on Nasdaq is expected to commence within 30
business days after the Notes are first
issued.
The
Company and this issuance of Notes received a "B" rating from
Egan-Jones Ratings Company, an independent, unaffiliated rating
agency.
B.
Riley Securities, Inc., D.A. Davidson & Co., Ladenburg Thalmann
& Co. Inc. and William Blair & Co., L.L.C. will act as
joint book-running managers for the Offering. EF Hutton, division
of Benchmark Investments, LLC will act as lead manager for the
Offering. Aegis Capital Corp., Alexander Capital L.P., Colliers
Securities LLC, Northland Securities, Inc., Revere Securities LLC,
Wedbush Securities Inc. and B.C. Ziegler & Company will act as
co-managers for the Offering.
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, which has been filed with the Securities and Exchange
Commission ("SEC") but has not yet become effective. The Notes may
not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. A copy of the
registration statement is available on the SEC's website
at www.sec.gov.
When available, copies of the preliminary 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.
This
announcement contains inside information for the purposes of
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations
2019/310.
For
further information please contact:
Argo Blockchain
|
|
Peter Wall
Chief Executive
|
via Tancredi +44 203 434 2334
|
finnCap Ltd
|
|
Corporate Finance
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+44 207 220 0500
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Jonny Franklin-Adams
|
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Tim Harper
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Joint Corporate Broker
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Sunila de Silva
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Tennyson Securities
|
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Joint Corporate Broker
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+44 207 186 9030
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Peter Krens
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|
OTC Markets
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|
Jonathan Dickson
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+44 204 526 4581
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jonathan@otcmarkets.com
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+44 7731 815 896
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Tancredi Intelligent Communication
UK & Europe Media Relations
|
|
Emma Valgimigli
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+44 7727 180 873
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Emma Hodges
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+44 7861 995 628
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Salamander Davoudi
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+44 7957 549 906
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argoblock@tancredigroup.com
|
|
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
Certain statements contained in this news release constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, including statements regarding the proposed
Offering and use of proceeds thereof. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that the Company
expects, believes or anticipates will or may occur in the future
are forward-looking statements. These forward-looking statements
are identified by their use of terms and phrases such as "may,"
"expect," "estimate," "project," "plan," "believe," "intend,"
"achievable," "anticipate," "will," "continue," "potential,"
"should," "could," and similar terms and phrases. These statements
are based on certain assumptions made by the Company based on
management's experience and perception of historical trends,
current conditions, anticipated future developments and other
factors believed to be appropriate. Such statements are subject to
a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Company, which may cause actual results
to differ materially from those implied or expressed by the
forward-looking statements, including the uncertainties related to
market conditions and the completion of the public offering on the
anticipated terms or at all as well as the ability and extent to
which the Company can acquire mining machines on acceptable terms,
the Company's build out of its Texas cryptocurrency mining facility
or the Company's ability to identify acquisition and investment
targets. Any forward-looking statement speaks only as of the date
on which such statement is made, and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
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.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date:
08 November, 2021
|
ARGO BLOCKCHAIN PLC
By:
Name:
Peter Wall
Title:
Chief Executive Officer
Name:
Davis Zaffe
Title:
General Counsel
|
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