Cosmos Health adopts shareholder rights plan (poison pill) with 20% trigger

Cosmos Health Inc.

Board declared dividend of one right per common share outstanding as of April 19, 2024.
Rights become exercisable (flip-in) if any person acquires 20%+ of voting shares without board approval.
Exercise price $0.001 per share; each right permits purchase of shares worth twice exercise price upon flip-in.
Rights redeemable by board at $0.001 per right prior to flip-in event.
Rights Agreement has five-year term, subject to shareholder ratification.

item 1.01 item 3.03 item 9.01

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 Rights Agreement with Globex Transfer, LLC (effective 2024-04-22).

Action: entry
Counterparty: Globex Transfer, LLC
Effective: 2024-04-22

Exact text from the filing

On April 22, 2024, Cosmos Health Inc. (the “Company”) entered into a Rights Agreement (the “Rights Agreement”), by and between the Company and Globex Transfer, LLC, as Rights Agent

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Cosmos Health Inc. filing history →

Source: SEC EDGAR

accession 0001477932-24-002332

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