SOS Limited (SOS) Announces Exercise of Warrants for Approximately $96.7 Million in Gross Proceeds
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SOS Limited Announces Exercise of Warrants for Approximately $96.7 Million in Gross Proceeds
February 25, 2021 9:00 AM ESTQINGDAO, 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... More
