Cosmos Holdings announces reverse stock split; shares tank

Cosmos Health

16/12/2022 17:03

** Shares of pharmaceutical co Cosmos Holdings down 48% at
$4.30
    ** Co announces 1-for-25 reverse stock split, effective at
the opening of the business day on Friday
    ** COSM also announces name change to Cosmos Health Inc
    ** Co says reverse stock split was required to regain
compliance with NASDAQ's minimum bid price requirement
    ** Stock has fallen 95% YTD
 (Reporting by Nandhini Srinivasan in Bengaluru)
 ((nandhini.srinivasan@thomsonreuters.com))