US Stock Listed Company Cosmos Health Raises Up to $300M in Funding, Will Establish Ethereum Reserve

BlockBeats News, August 6th, according to Globenewswire, the US-listed company Cosmos Health (Nasdaq stock code: COSM) has reached a securities purchase agreement with US institutional investors, obtaining up to $300 million in senior secured convertible note 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 to be used for working capital and business development.