SOS Limited Announces Exercise of Warrants for Approximately $96.7 Million in Gross Proceeds
SOS Limited American Depositary Shares (SOS)
Company Research
Source: PR Newswire
QINGDAO, China, Feb. 25, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced the agreement by several accredited investors to exercise certain warrants to purchase up to an aggregate of 23,880,000 of its American Depositary Shares ("ADSs") issued by the company on February 10, 2021, at an exercise price of $4.05.The ADSs issuable upon exercise of the warrants are registered pursuant to a registration statement on Form F-3ASR (File No. 333-253402) which became effective by the Securities and Exchange Commission (SEC) on February 23, 2021. The gross proceeds to the company from the exercise of the warrants are expected to be approximately $96.7 million, prior to deducting fees and estimated offering expenses.Maxim Group LLC is acting as the exclusive financial advisor for the offering.In consideration for the immediate exercise of the warrants for cash, the exercising holders will receive new unregistered warrants to purchase ADSs in a private placement
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SOS
News
- SOS Ltd. Announces Pricing of $7.85 Million Public Offering [Yahoo! Finance]Yahoo! Finance
- SOS Ltd. Announces Pricing of $7.85 Million Public OfferingPR Newswire
- SOS Ltd Provides Operating Update of its Super-Computing Centers in the U.S. [Yahoo! Finance]Yahoo! Finance
- SOS Ltd Provides Operating Update of its Super-Computing Centers in the U.S.PR Newswire
SOS
Sec Filings
- 3/26/24 - Form 144
- 3/25/24 - Form SC
- 3/25/24 - Form SC
- SOS's page on the SEC website