Cosmos Health receives additional 180-cay compliance period from Nasdaq

Cosmos Health (COSM) announced that it has received formal notice from the Nasdaq Stock Market indicating that the company is eligible for an additional 180 calendar day period, through November 3, to regain compliance with the Nasdaq’s minimum bid price requirement. 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, the company stated.