Home / Going-concern warnings / Cosmos Health Inc.
Filed 2026-08-18 路 Form 10-Q 路 Accession 0001477932-26-005146 nano
Price before filing: $0.205 (2026-08-17 close, split/dividend-adjusted)
Market cap at flag: $12.4M (2026-08-18) 路 Latest: $19.9M (2026-10-16)
| Window | COSM | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +44.5% | -1.3% | +45.8% | 2026-09-17 |
| 90 days | pending | pending | until 2026-11-16 | |
| 180 days | pending | pending | until 2027-02-14 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders bought $457K (5 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-06-10 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 701,447 | $0.23 | $160K | no | Form 4 |
| 2026-06-11 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 218,447 | $0.21 | $45K | no | Form 4 |
| 2026-06-16 | Terzis Georgios Chief Financial Officer | Purchase | 168,135 | $0.25 | $42K | no | Form 4 |
| 2026-07-29 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 766,284 | $0.18 | $140K | no | Form 4 |
| 2026-07-30 | Siokas Grigorios Chief Executive Officer, Director, 10% owner | Purchase | 349,825 | $0.20 | $70K | no | Form 4 |
| 2026-08-18: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-05-20 to 2026-09-17. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"The Company also had positive working capital of $ 1,825,987 , an accumulated deficit of $ 142,059,218 , and stockholders' equity of $ 20,674,483 . These conditions raise substantial doubt about the Company's ability to continue as a going concern for a period of 12 months from the date of this filing."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2026-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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