|Bid||0.0000 x 1100|
|Ask||0.0000 x 800|
|Day's Range||3.0000 - 3.3000|
|52 Week Range||0.5101 - 6.0000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 16, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SOS Limited (the "Company") (NYSE: SOS) is issuing this press release to clarify its press release dated May 6, 2020.
SOS Limited (the "Company") (NYSE: SOS) today announced that it has closed a private placement with a small number of sophisticated non-U.S. investors on August 27, 2020, pursuant to which it has sold 53,580,020 units, with each unit consisting of one Class A ordinary share and a warrant to purchase one Class A ordinary share, at a price of $0.2162 per unit. This represents a price of $2.162 per ADS, which is approximately a 15% premium over the Company's closing trading price on August 20, 2020.
SOS Limited, (NYSE: SOS) today announced that it has acquired its insurance brokerage qualifications in China through the acquisition of Inner Mongolia Post Insurance Agency Co., Ltd. In March 2020, SOS Information Technology Co., Ltd. ("SOS"), the Company's wholly owned subsidiary, entered into an agreement with China Post Group Corporation ("China Post"), the state-owned enterprise operating the official postal service of China, to acquire 100% of the equity interests of Inner Mongolia Post Insurance Agency Co., Ltd., an indirect subsidiary of China Post. Thereafter, Inner Mongolia Post Insurance Agency Co., Ltd. became a wholly owned subsidiary of SOS and was officially renamed as Inner Mongolia SOS Insurance Agency Co., Ltd.