Cosmos Health, a Nasdaq-listed company, warned that recurring losses and reliance on outside financing raise substantial doubt about its ability to continue as a going concern over the next 12 months. Its crypto treasury showed unrealized losses of $1.44 million as of June 30, with a 46% decline from the $3.1 million invested in Bitcoin and Ethereum. The company reported a net loss of $8.89 million in the first half and burned $2.79 million in operating cash, leaving only $1.80 million in unrestricted cash. Share dilution more than doubled the outstanding share count from 41.07 million to approximately 100.6 million, primarily through conversions of convertible notes.
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