SOS Limited Website {Feb 2021} Read To Know All About!

SOS Limited Website 2021

SOS Limited Website {Feb 2021} Read To Know All About! >> Read about the recent message made by a company for the pricing of hundred & ten million dollars.

SOS Limited has signed a security purchase agreement to buy its American depositary shares worth $110,000,000. The agreement is done with certain accredited investors of United States. Under this security purchase agreement, SOS Will sell 22,000,000 American depositary shares and purchase 16,500,000 ADS. 

Let’s read further!

About SOS Limited Website

The warrant is exercisable right from the issuing date and costs $5 as an exercise price. It will only be valid till five years from the day of issuance. The price of one ad and the corresponding warrant is $5.

The SOS Limited Website will receive an estimated amount of $110,000,000 as the gross proceeds. The registered direct offering will probably close by February 17, 2021, subject to the customer closing terms and conditions. 

What are the plans?

The SOS Limited has planned to use the amount to develop cryptocurrency security insurance and cryptocurrency mining business. Maxim Group LLC is the only placement agent that is connected with this offering.

The company offered these securities, which is registered under form F-3 filed with SEC on November 17, 2020. The prospectus supplement relating to this offering is available on the SEC’s official website, and its copies can be obtained from Maxim Group LLC, Second floor, 405 Lexington Avenue, New York, 10174, United States. Tel: (212) 895 – 3500.

More About SOS Limited Website

SOS is a big data-driven company. It is a blockchain-based solution provider with a base membership of approximately 20 million in China. Recently it has come up with a strategy in cryptocurrencies and blockchain technology. It is making efforts to expand the business in the field of cryptocurrency mining.

The core function of the company is to provide emergency rescue services. It provides technology, data, and solutions for emergency healthcare services. It operates on cloud computing, blockchain-based technology, satellite, AI, internet of things, and 5G network.

Some of the clients of SOS Limited Website are insurance companies, medical institutions, financial institutions, healthcare providers, security providers, auto manufacturers, senior living assistance providers, etc. For more details, you can visit the official SOS Limited Website.

Final Verdict

This press release is not an imploration to buy or sell any offer. There shall not be any sale of these securities in the jurisdiction or state which commends it unlawful. Specific forward-looking statements made by the company reflect the present analysis of past information. These may be subjected to different uncertainties and risks. 

Therefore, one should be cautious in relying on such claims. The actual results may vary from the company’s expectations due to particular known and unknown risks. SOS Limited Website does not take the responsibility of updating these forward-looking statements. 

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