debt
confidence high
sentiment neutral
materiality 0.65
Cosmos Health closes $8M senior secured convertible note with 9% OID, conversion at $1.05
Cosmos Health Inc.
- Issued $8M original principal 9% senior secured convertible note to institutional investor on August 7, 2025.
- Note matures August 7, 2027; interest 9% p.a., payable monthly in stock or cash at company's option.
- Conversion price initially $1.05 per share, subject to market price adjustment; beneficial ownership cap 4.99% (up to 9.99%).
- Note ranks senior to all existing and future debt except permitted indebtedness; secured by permitted liens.
- Offered in private placement under Section 4(a)(2); proceeds not specified but typical for general corporate purposes.
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