secwatch.observer — SEC 8-K summary
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Issuer:     Cosmos Health Inc. (COSM)
CIK:        0001474167
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001477932-23-001328
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cosmos Health issues €4.1M secured note to Cana Holdings; acquisition planned by March 31, 2023
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- Cosmos Health issued a €4.1M secured promissory note to Cana Holdings, bearing interest at 5% + 1-month LIBOR, maturing in 5 years.
- Note is secured by share pledges over all shares of Cana Holdings and its subsidiary Cana Pharmaceutical.
- This is the first step of a two-step transaction; the second step is acquisition of all Cana Holdings shares by Cosmos Health by March 31, 2023.
- Proceeds may not be used for capitalization or debt repayment without Cosmos Health's consent.
- Cross-default provision: a default under any other financial instrument causing Material Adverse Effect can trigger default under this note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1474167/000147793223001328/0001477932-23-001328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1474167/000147793223001328/cosm_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-001328

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