Cosmos Health raises $5.25M via registered direct offering and private placement; CEO participates $450K

Cosmos Health Inc.

Issued 2,116,936 common shares, 715,323 pre-funded warrants, and 1,935,484 common warrants in a $5.25M offering.
Combined purchase price per share and warrant was $2.48; common warrant exercise price $2.75, expiring in 5 years.
CEO Grigorios Siokas invested $450,000 in common shares; no warrants issued to him.
Existing warrants on 782,610 shares amended: exercise price reduced from $11.50 to $2.75 per share.
Net proceeds primarily for working capital, general corporate purposes, and funding acquisitions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cosmos Health Inc. entered into Securities Purchase Agreement with certain institutional investors and existing shareholders valued at approximately $5,250,000 (effective 2023-07-20).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors and existing shareholders
Value: approximately $5,250,000
Effective: 2023-07-20

Exact text from the filing

On July 20, 2023, Cosmos Health Inc. (“we,” “our,” “us,” or the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain institutional investors and existing shareholders (the “Purchasers”), for a registered direct offering and a concurrent private placement.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cosmos Health Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners (effective 2023-07-20).

Action: entry
Agreement: underwriting
Counterparty: A.G.P./Alliance Global Partners
Effective: 2023-07-20

Exact text from the filing

Pursuant to a Placement Agency Agreement dated July 20, 2023, the Company engaged A.G.P./Alliance Global Partners as sole Placement Agent in connection with the Offering.

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Cosmos Health Inc. filing history →

Source: SEC EDGAR

accession 0001477932-23-005519

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