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TechFlow, August 6 — Cosmos Health (NASDAQ: COSM), a publicly traded company, has entered into a securities purchase agreement with U.S. institutional investors to secure up to $300 million in senior secured convertible promissory notes financing. Under the agreement, the company will allocate 72.5% of the net proceeds to establish an Ethereum reserve, while the remaining funds will be used for working capital and business development.
Publicly traded company Cosmos Health (Nasdaq: COSM) has entered into a securities purchase agreement with U.S. institutional investors, securing up to $300 million in senior secured convertible promissory notes financing. Under the agreement, the company will allocate 72.5% of the net proceeds from the financing to establish an Ethereum reserve, with the remaining funds used for working capital and business development.
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