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NEW YORK - SOS Limited (NYSE:SOS), a company involved in blockchain operations and commodity trading with a current market capitalization of $18.3 million, announced Wednesday it has entered into a securities purchase agreement with institutional investors for a $7.5 million offering. The stock has experienced significant volatility, having declined over 50% in the past year according to InvestingPro data.
The transaction involves the sale of 2,142,855 American Depositary Shares (ADS) in a registered direct offering, along with warrants to purchase up to 4,285,710 additional ADSs in a concurrent private placement. The combined effective price for each ADS and accompanying warrants is $3.50, notably above the current trading price of $2.80. InvestingPro analysis shows the stock trades at a low Price/Book multiple of 0.04x, with 13 additional key insights available to subscribers.
The private placement warrants will be immediately exercisable at $3.50 per share and will expire five and a half years from the initial exercise date.
The offering is expected to close on or about July 31, 2025, subject to customary closing conditions. Maxim Group LLC is serving as the sole placement agent for the transaction.
The ADSs are being offered through a shelf registration statement on Form F-3 that was declared effective by the SEC on June 30, 2025. The warrants and shares issuable upon their exercise are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933.
SOS Limited describes itself as an emerging blockchain-based service solution provider that also engages in cryptocurrency operations and commodity trading. The company’s trading commodities include mineral resin, soy bean, wheat, and other products. Financial data from InvestingPro reveals the company maintains a strong current ratio of 9.97x, with cash holdings exceeding debt obligations, though it currently operates at a gross profit margin of just 3%.
According to the press release statement, proceeds from the offering will be used for the company’s operations.
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