Argo Blockchain’s Nasdaq-listed shares (ARBK) experienced an 8.38% decline after the departure of its interim CEO and COO, Seif El-Bakly.
According to data from the stock exchange, the drop saw the shares plummet to $3.50, significantly reducing the firm’s market capitalization to $183.7 million.
Argo Blockchain Announces El-Bakly’s Departure
According to the January 8 Operation Update report, El-Bakly, who had been at the helm of the company since February 2023 after the departure of former CEO Peter Wall, parted ways with Argo Blockchain on January 5, 2024, in pursuit of new opportunities.
Since El-Bakly’s tenure as interim CEO, the operations team at Argo has been under the guidance of CSO Sebastien Chalus. Chalus is set to continue overseeing the company’s operations.
In related news, Argo Blockchain granted 1,379,727 Restricted Stock Units (RSUs) on December 5, 2023, as part of its 2022 Equity Incentive Plan.
These RSUs are set to vest over three years. Additionally, in
We współpracy z: https://cryptopotato.com/interim-ceos-departure-sends-argo-blockchain-shares-tumbling-8/
