cosmos health inc’s stock price nearly tripled friday as investors responded to the company’s reverse stock split the chicagobased company announced the 1for25 stock split late thursday in an effort to regain compliance with the nasdaq’s 1 minimum bid price requirement and it went into effect at the open of trading friday morning the company also changed its name from cosmos holdings inc to cosmos health inc cosm  though its ticker remains the same the stock initially plunged friday before rallying for a 1789 daily gain to 2301 amid record trading volume though shares then fell more than 35 in the first halfhour of afterhours trading volume in the regular session reached a record of more than 115 million shares friday according to factset which recorded a previous daily volume record of 161 million on nov 23 and a fiveday average volume of 21 million see now what can we expect from meme stocks amc gamestop and bed bath  beyond in 2023 “we are pleased to proceed with the reverse split of our stock which is required for us to regain compliance with nasdaq’s minimum bid price requirement” cosmos health ceo greg siokas said in a statement “being listed on nasdaq has been a key part of our strategy to fund our growth opportunities for the benefit of all our shareholders” the company uplisted on nasdaq in february 2022 “i am very excited about our business prospects and financial stability and firmly believe in the future success of cosmos and in our ability to rapidly grow as an international health and wellness company with multiple strong brands” siokas said in the statement see now is the golden age of the meme stock rally over cosmos also filed an amended annual report with the securities and exchange commission on friday that added to the company’s materialweakness warning which discloses that a company does not have adequate internal controls new additions to the list of inadequate controls which were added in response to communications with the sec were “a lack of proper segregation of duties” and the lack of “multiple levels of review and oversight” cosmos’s annual filing also contains a goingconcern warning which states that management has “substantial doubt about the company’s ability to continue as a going concern for a period of twelve months from the date of this filing” some traders on twitter complained that exchanges such as robinhood markets inc hood and charles schwab corp’s schw td ameritrade were unable to complete trades on the stock neither company responded to emails from marketwatch seeking to confirm the issues and determine a reason though td ameritrade’s verified twitter account did respond to some users to say that it had not received the new postsplit shares yet “cosm had a reverse split today” one td ameritrade reply stated “while the stock is tradable those waiting on the delivery of their postsplit cosm shares will not be able to sell the new shares until received the anticipated delivery date is unknown at this time” cosmos health’s shares have fallen 783 this year outpacing the sp 500 index’s spx decline of 19 the stock hit a splitadjusted 52week low of 169 on nov 8 2022 and a high of 11125 on dec 30 2021 marketwatch staff writer jeremy c owens contributed to this article