India, June 11 -- Cosmos Health Inc. (COSM), an integrated healthcare company, on Thursday announced receiving a 180-day extension on June 10, 2026, from The Nasdaq Stock Market LLC to regain compliance with the minimum bid price requirement.
Following the news, shares dipped by over 10% in Thursday's trade.
The company was previously notified by the Listings Qualification Department of Nasdaq to address a violation of the requirement, as the bid price fell below $1.00 per share. Nasdaq determined that the Company is eligible for the additional period based on its compliance with the market value of publicly held shares requirement and all other applicable requirements for initial listing on the Nasdaq Capital Market.
To regain complianc...