Cosmos Holdings Secures $5.5M Investment From Ault Global

Comments
Loading...
  • Ault Global Holdings Inc DPW subsidiary entered into agreements for investments of ~$5.5 million in pharmaceutical company Cosmos Holdings, Inc. COSM.
  • The first investment, a convertible promissory note, resulted in immediate net proceeds of ~$500,000.
  • The second investment for $5 million in Series A Preferred Stock is subject to Cosmos's common stock commencing trading on the Nasdaq Stock Market, along with the fulfillment of other closing conditions. 
  • "We are delighted to make this strategic investment in Cosmos given their scalable business model and significant market opportunity. We believe this investment will help accelerate the growth of their business and support their plans to list on Nasdaq," commented Ault Global's Executive Chairman, Milton Ault.
  • Price Action: DPW shares are trading higher by 0.36% at $2.25 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!