Cosmos Health will consolidate its common shares in a 1-for-20 reverse stock split, effective November 12, 2026, at 4 p.m. Pacific time. The change reduces the number of shares outstanding per holder; it does not, by itself, issue new shares or change the company’s authorized share counts.
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The ratio is one new share for every 20 existing shares. Each 20 shares of common stock outstanding immediately before the effective time will become one share. The board approved the ratio on October 27, following shareholder approval in 2025 that gave the board authority to set a reverse-split ratio.
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Fractional shares will be rounded up. A holder who would otherwise receive a fraction of a share will receive one whole share instead.
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Authorized share counts will stay the same. Cosmos Health will continue to have authorization for 1.5 billion common shares and 300 million preferred shares. The common shares will retain a par value of $0.001 per share.
What it means: A reverse split reduces the share count and typically raises the per-share price proportionally at the time of the split, without changing the company’s overall value solely because of the consolidation. With authorized common shares unchanged, the authorized share capacity will be larger relative to the reduced number of outstanding shares; the split itself does not issue additional shares.