Cosmos Holdings Inc. - COSM STOCK NEWS

Cosmos Holdings, Inc. (Nasdaq: COSM) has successfully closed a private placement offering, raising approximately $6 million by selling 6,000 shares of Series A Convertible Preferred Stock and 2,000,000 warrants. Each preferred share was priced at $1,000, reflecting its stated value. The new capital will enhance the company's financial position, while the holders of preferred stock have rights to convert their shares into common stock at an attractive conversion price. The warrants, priced at $3.30 per share, are exercisable over the next five and a half years.

Cosmos Holdings (COSM) announced a private placement to raise approximately $6 million through the sale of 6,000 shares of Series A Convertible Preferred Stock and warrants for 2 million common shares. Each preferred share is priced at $1,000. The offering coincides with Cosmos's successful listing on the Nasdaq Capital Market. CEO Greg Siokas emphasized the company's scalable business model and plans for global expansion of its nutraceuticals and third-party pharmaceuticals. The company converted over $11 million in debt to equity, strengthening its balance sheet for future growth.

Cosmos Holdings (COSM) has commenced efforts toward a direct listing on the Nasdaq Capital Markets. On September 15, 2021, the Board approved a private offering of 5,000,000 shares of Series A Preferred Stock to a private investor for $5 million. Shareholders holding 51% of voting power approved the Offering on December 17, 2021. The Series A Preferred Stock is convertible into common stock at $4.00 or 80% of the average VWAP prior to uplisting, with a floor at $3.00. This move aims to enhance liquidity and expand the company's market presence.

Cosmos Holdings (OTCQX: COSM) reported its third quarter financial results for 2021, highlighting positive adjusted net income and EBITDA. The company focused on debt reduction, converting $10.2 million of debt to equity, and secured an investment commitment of approximately $5.5 million from Ault Global Holdings. Cosmos expanded its distribution network, entering an exclusive agreement in Germany and Austria and launching products on Alibaba's Tmall Global. Working capital rose to $6.9 million, and shareholder equity increased to $4.7 million, showcasing financial improvement.

Cosmos Holdings (COSM) has successfully integrated SSI SCHAEFER's A-Frame Automated Robotic Picking System into its logistics center, CosmoFarm, enhancing order processing capabilities. This system can manage up to 40,000 products per hour and is designed to handle various packaging shapes and sizes. CEO Greg Siokas emphasized that this automation supports the company’s growth ambitions by improving service quality and productivity. CosmoFarm, based in Athens, Greece, is licensed for wholesale pharmaceutical distribution, serving over 1,130 pharmacies.

Cosmos Holdings (COSM) announced receiving initial bridge financing totaling approximately $500,000 and an additional $5 million in Series A Preferred Stock, pending Nasdaq listing approval. This funding from Ault Global Holdings supports Cosmos's expansion efforts and its strategic plans for trading on Nasdaq. CEO Greg Siokas expressed gratitude for the investment, highlighting its potential to accelerate global distribution and e-commerce strategies.

Cosmos Holdings has secured initial bridge financing of approximately $500,000 and is set to receive an additional $5 million in Series A Preferred Stock upon the approval of its Nasdaq listing. This investment comes from Ault Global Holdings and aims to accelerate Cosmos's growth and expansion in the pharmaceutical market. Cosmos plans to expand its distribution network and enhance its e-commerce strategy. The company is focused on its proprietary line of nutraceuticals and pharmaceuticals, aiming to improve patient outcomes.

Cosmos Holdings (COSM) announced a debt exchange agreement to reduce its total debt. The Company will issue 321,300 shares at $5.00 per share, allowing the conversion of EUR $1.35 million debt (approx. US $1.60 million). Following this, an additional EUR $1.00 million (approx. US $1.19 million) will convert upon Nasdaq approval for 238,000 shares. This reduces the remaining debt to EUR $350,000 (approx. US $414,000). CEO Greg Siokas expressed optimism about the debt reduction and ongoing business expansion across various markets.

Cosmos Holdings (COSM) reported strong growth in its second quarter of 2021, achieving 15.8% year-over-year revenue increase and 27.8% sequential growth. The company has expanded its distribution network with a significant agreement with Mediprovita for its nutraceuticals in Germany and Austria, alongside a three-year deal with REMAI to launch products on Alibaba’s Tmall Global. However, Cosmos experienced a temporary decline in margins, and reported a net loss of $2.38 million. The company is focused on debt reduction, with $5.25 million converted to equity, and aims to uplist to Nasdaq.