Cosmos Health Gains Extended Compliance Period for Nasdaq Listing
Cosmos Health Gains Extended Compliance Period for Nasdaq Listing
CHICAGO - Cosmos Health Inc. ('Cosmos Health' or the 'Company'), a leading global player in healthcare that offers innovative solutions, recently received a positive update from the Nasdaq Stock Market. The Company was granted an additional compliance period of 180 days to meet the stock exchange's minimum bid price requirements, providing a crucial extension through November 3, 2025.
Previously, Cosmos Health was informed that it had fallen below the $1.00 minimum bid price requirement, with its common stock's closing bid price remaining under $1.00 for an extended period. The initial compliance period concluded recently, prompting the need for this extension.
This second chance from Nasdaq reflects the Company’s positive standing in meeting other listing criteria, giving Cosmos Health the opportunity to regain compliance with the share price requirement. If the Company's stock price meets or exceeds $1.00 per share for at least ten consecutive business days within this new timeframe, Nasdaq will acknowledge compliance, allowing the Company to continue its operations unimpeded.
Words from the CEO
Greg Siokas, CEO of Cosmos Health, expressed optimism regarding the extension, stating, "We remain focused on executing our strategic priorities and delivering long-term value for our shareholders. We appreciate Nasdaq’s continued support and are confident in our ability to meet the listing requirements within the extended timeframe.”
Cosmos Health's Growth and Development Strategy
Founded in 2009 and incorporated in Nevada, Cosmos Health has rapidly advanced its position in the healthcare sector. The Company is integrated across various facets, including research and development (R&D), manufacturing, and distribution of healthcare products and telehealth solutions.
Cosmos Health owns a diverse portfolio of proprietary pharmaceutical and nutraceutical brands, such as Sky Premium Life®, Mediterranation®, biobebe®, C-Sept®, and C-Scrub®. These products are crafted under strict protocols consistent with European Good Manufacturing Practices and certified by the European Medicines Agency.
Innovative Approaches in Healthcare
The Company employs cutting-edge technology, including artificial intelligence for drug repurposing, to address significant health challenges like obesity, diabetes, and cancer. This focus on innovation positions Cosmos Health at the forefront of the healthcare industry.
Moreover, Cosmos Health has embraced the telehealth industry via acquiring ZipDoctor, Inc., expanding healthcare access to patients and reinforcing its market position in North America and Europe. This acquisition aligns with current healthcare trends, emphasizing virtual health solutions.
Expanding Global Reach and Offerings
Cosmos Health continues to enhance its global footprint, establishing operations and distribution channels in various international markets including Europe, Asia, and North America. Its subsidiaries operate in Greece and the UK, solidifying an expansive distribution network for pharmaceuticals and health-related products.
The Company collaborates with various R&D partners to innovate and develop new health solutions, demonstrating a strong commitment to enhancing the quality of healthcare globally.
Commitment to Corporate Governance
Maintaining transparency and compliance with regulatory requirements is a priority for Cosmos Health. The Company ensures that it adheres to all applicable legal and financial standards to uphold its reputation and trustworthiness within the market.
Looking Ahead
As Cosmos Health moves forward through this extended compliance period, the focus remains on strategic initiatives that enhance shareholder value and resilience within the healthcare sector. By prioritizing innovation and expansion, Cosmos Health seeks to navigate challenges and capitalize on growth opportunities.
For more details on Cosmos Health and its operations, interested parties can reach out through their investor relations team.
Investor Relations Contact:
BDG Communications
cosm@bdgcommunications.com
+44 207 0971 653
Frequently Asked Questions
What did Cosmos Health receive from Nasdaq?
Cosmos Health received an additional 180-day compliance period to meet Nasdaq's minimum bid price requirement.
What happens if Cosmos Health meets the compliance requirements?
If Cosmos meets the bid price requirement of $1.00 per share for 10 consecutive business days, Nasdaq will acknowledge their compliance, allowing continued listing.
What innovative technologies are being used by Cosmos Health?
The Company uses artificial intelligence for drug repurposing and is actively involved in R&D aimed at addressing significant health issues.
In what markets is Cosmos Health expanding?
Cosmos Health is expanding in Europe, Asia, and North America through various operational and distribution centers.
How can investors get in touch with Cosmos Health?
Investors can contact the Company’s investor relations through email at cosm@bdgcommunications.com or by phone at +44 207 0971 653.
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