other_material
confidence high
sentiment positive
materiality 0.85
Cosmos Health secures up to $300M convertible note facility for Ethereum treasury strategy
Cosmos Health Inc.
- Up to $300M in 9% senior secured convertible notes; initial $8M close on Aug 6, 2025.
- 72.5% of net proceeds to be used to acquire Ethereum (ETH) as a digital asset treasury reserve.
- Shares convertible at market-based pricing; beneficial ownership cap of 4.99% (can increase to 9.99%).
- Company must call shareholder meeting within 60 days to approve increase in authorized shares to 1.5B.
- Remaining proceeds for working capital, R&D, and U.S. manufacturing expansion; Curvature Securities placement agent.
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