SOS Limited (SOS) Prices 51.5M ADS Offering at $1.75/sh
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SOS Ltd. Announces Pricing of Approximately $90.1 Million Registered Direct Offering
November 10, 2021 9:00 AM ESTQINGDAO, China, Nov. 10, 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 approximately $90.1 million worth of its American Depositary Shares ("ADS") in a registered direct offering.
Under the terms of the securities purchase agreement, the Company has agreed to sell 51,500,000 ADSs at a purchase price of $1.75 per ADS. In addition, effective on the closing date of this offering, the Company has agreed... More
