SOS Limited (SOS) Prices 8.6M ADS Registered Direct Offering at $10/ADS
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SOS Ltd. Announces Pricing of $86.0 Million Registered Direct Offering Priced At-The-Market
February 18, 2021 8:45 AM ESTQINGDAO, China, Feb. 18, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS"), an emerging blockchain-based and big data-driven marketing solution provider announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase $86,000,000 worth of its American Depositary Shares ("ADS") and warrants in a registered direct offering priced at-the-market under the NYSE rules.
Under the terms of the securities purchase agreement, the Company has agreed to sell 8,600,000 ADSs and warrants to purchase 4,300,000 ADS. The warrants will be exercisable immediately upon the date of... More
