Cosmos Health Inc. Announces Pricing Of $5.25M Registered Direct Offering And Concurrent Private Placement
Portfolio Pulse from Happy Mohamed
Cosmos Health Inc. (NASDAQ:COSM) has announced a registered direct offering and concurrent private placement, aiming to raise approximately $5.25 million. The offering includes the sale of over 2 million shares of common stock and warrants to purchase up to 1.93 million shares. The purchase price for one share and one warrant will be $2.48, with the warrants having an exercise price of $2.75. The proceeds will be used for working capital and general corporate purposes. The offering is expected to close on July 21, 2023.
July 20, 2023 | 12:18 pm
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Cosmos Health Inc. is raising funds through a registered direct offering and concurrent private placement. This could potentially dilute the value of existing shares, but the funds raised will be used for working capital and general corporate purposes.
The announcement of a new share offering usually leads to a short-term decrease in the stock price due to the dilution of existing shares. However, the funds raised will be used for working capital and general corporate purposes, which could potentially improve the company's financial health in the long term.
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