secwatch.observer — SEC 8-K summary
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Issuer:     Cosmos Health Inc. (COSM)
CIK:        0001474167
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001477932-22-008666
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cosmos Health (COSM) faces Nasdaq delisting; Q3 2022 revenue $12M, net loss $2M
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- Received Nasdaq delisting notice; suspension expected Nov 21, 2022; company appeals and seeks reverse stock split at Dec 2 shareholder meeting.
- Q3 revenue $12.0M vs $13.6M a year ago; gross margin fell to 14.8% from 17.3%.
- Net loss $1.97M; adjusted EBITDA $0.5M vs $1.2M in 3Q21.
- Closed $7.5M public offering of 62.5M shares and 125M warrants at $0.12/unit.
- Entered LOI to acquire ZipDoctor telemedicine platform and agreement to acquire CANA S.A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474167/000147793222008666/0001477932-22-008666-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474167/000147793222008666/cosm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-008666

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer