SCHEDULE: Armistice Capital, Steven Boyd Report Reduced Argo Blockchain Stake
Beneficial Ownership Amendment
Armistice Capital, LLC and Steven Boyd have filed an amendment to their Schedule 13G, reporting their beneficial ownership in Argo Blockchain PLC's common stock has fallen to 0.00%.
Summary
- Armistice Capital, LLC and Steven Boyd, collectively referred to as the 'Reporting Persons,' filed an Amendment No. 1 to Schedule 13G regarding their holdings in ARGO BLOCKCHAIN PLC.
- The filing indicates that the Reporting Persons' beneficial ownership of Argo Blockchain PLC's Common Stock is now 0.00% of the class.
- This amendment signifies that the Reporting Persons now own 5 percent or less of the class of securities, as indicated by the checked Item 5.
- Steven Boyd's individual reporting table shows an aggregate amount beneficially owned of 4,435,969 shares, though his reported percentage of the class is also 0.00%.
- The percentage of shares is based on 637,975,353 shares outstanding as of December 31, 2024, as reported in Argo Blockchain PLC's Form 20-F filed on May 15, 2025.
- Armistice Capital, LLC acts as the investment manager for Armistice Capital Master Fund Ltd., which is the direct holder of the shares, and exercises voting and investment power.
- Steven Boyd, as the managing member of Armistice Capital, may be deemed to beneficially own the securities held by the Master Fund.
Sentiment
Score: 5
Explanation: A Schedule 13G/A filing reporting a reduction in beneficial ownership to below the 5% threshold is generally neutral in sentiment. It indicates a change in an institutional investor's position but does not inherently convey positive or negative news about the company's operations or prospects.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the issuer's operations or financial performance.
Management Comments
- Steven Boyd, Managing Member of Armistice Capital, LLC, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Industry Context
This filing is a routine disclosure of a change in institutional ownership, indicating a reduction in a significant stake. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: The reduction in a significant institutional stake could be interpreted in various ways, from a routine portfolio adjustment to a loss of confidence, though the filing itself provides no rationale. The impact is likely minimal given the reported 0.00% ownership for the group.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date as of which outstanding shares (637,975,353) were reported in Issuer's Form 20-F. |
| 2025-05-15 | Date Argo Blockchain PLC's Form 20-F was filed with the SEC. |
| 2025-09-30 | Date of event which requires filing of this statement (reduction in beneficial ownership). |
| 2025-11-14 | Date the Schedule 13G/A was signed and filed by Armistice Capital, LLC and Steven Boyd. |
Keywords
Argo Blockchain PLC, Armistice Capital, Steven Boyd, Schedule 13G/A, Beneficial Ownership, Common Stock, Institutional Ownership, Shareholding Change
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