BuybackJul 2, 2026, 02:11 PM
Cosmos Health Repurchases 770K Shares; Total 3.42M
AI Summary
Cosmos Health Inc. announced it has repurchased an additional 770,000 shares of its common stock in the open market at an average price of approximately $0.1956 per share. This extends the buyback activity initiated earlier in the week. The company has now repurchased a total of 3,420,000 shares for approximately $650,000 under its previously announced $5 million share repurchase program. CEO Greg Siokas stated that the expanded repurchase activity reflects the company's view of its share price relative to its intrinsic value, considering it an attractive use of capital.
Key Highlights
- Cosmos Health repurchased an additional 770,000 shares of common stock.
- The additional shares were bought at an average price of approximately $0.1956 per share.
- Total shares repurchased under the program now stand at 3,420,000.
- The total value of repurchased shares is approximately $650,000.
- The company's share repurchase program is authorized for up to $5 million.
- The buyback program is set to expire on December 31, 2026.
Price Impact
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