regulatory
confidence high
sentiment negative
materiality 0.65
Cosmos Health Inc. (COSM): Nasdaq/NYSE listing notice — Cosmos Health receives Nasdaq bid-price deficiency notice; 180 days to cure
Cosmos Health Inc.
- Nasdaq notified company on March 20, 2024 that bid price closed below $1.00 for 30 consecutive days.
- Company has 180 calendar days (to ~Sept 16, 2024) to regain compliance by having bid price ≥ $1.00 for 10 consecutive days.
- If unable to comply, company intends to effect a reverse stock split to regain compliance.
- A deficiency indicator will be displayed on Nasdaq for the company's common stock (COSM).
- The notice does not affect listing immediately; trading continues normally during cure period.