SOS Ltd. Announces Pricing of $7.85 Million Public Offering
SOS Limited American Depositary Shares (SOS)
Company Research
Source: PR Newswire
NEW YORK, March 13, 2024 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS"), a multifaceted company that engages in the blockchain and cryptocurrency operations and commodity trading, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $7.85 million worth of its American Depositary Shares ("ADS") and warrants in a public offering.Under the terms of the securities purchase agreement, the Company has agreed to sell 5,233,332 ADSs and warrants to purchase 10,466,664 ADSs. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $1.50. The warrants will expire five years from the date of issuance. The purchase price for one ADS and one corresponding warrant will be $1.50. The gross proceeds to the Company from the follow-on offering are estimated to be $7.85 million before deducting the placement agent's fees and other estimated offering expenses. The
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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