Cosmos Health Receives Additional 180-Day Compliance Period from Nasdaq
Cosmos Health Inc.
CHICAGO, May 06, 2025 (GLOBE NEWSWIRE) -- Cosmos Health Inc. ("Cosmos Health" or the 'Company'') (NASDAQ:COSM) , a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that it has received formal notice from the Nasdaq Stock Market LLC ('Nasdaq') indicating that the Company is eligible for an additional 180 calendar day period, through November 3, 2025, to regain compliance with the Nasdaq's minimum bid price requirement.
As previously disclosed, on November 6, 2024, the Company was notified by Nasdaq that it was not in compliance with the $1.00 minimum bid price requirement, as the closing bid price of the Company's common stock had remained below $1.00 for 30 consecutive business days. The initial 180-day compliance period expired on May 5, 2025.
The second compliance period was granted as the Company continues to meet all other applicable listing requirements for the Nasdaq Capital Market, other than the bid price rule. In accordance with Nasdaq rules, the Company has indicated its intention to regain compliance within the second compliance period. If at any time during this second compliance period the closing bid price of the Company's common stock meets or exceeds $1.00 per share for at least 10 consecutive business days, Nasdaq will provide written confirmation of compliance and the matter will be closed.
Greg Siokas, CEO of Cosmos Health, stated: '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.'
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