SOS Ltd. Announces the Closing of a Private Placement
QINGDAO, China, Aug. 31, 2020 /PRNewswire/ -- 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.