SOS Limited Enters Private Placement Agreement
Ticker: SOS · Form: 6-K · Filed: Jun 12, 2024 · CIK: 1346610
| Field | Detail |
|---|---|
| Company | Sos Ltd (SOS) |
| Form Type | 6-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.005, $0.13153, $1.13, $1.05, $16.99 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: private-placement, financing, company-name-change
TL;DR
SOS Ltd just did a private placement deal on June 11th. New money incoming?
AI Summary
On June 11, 2024, SOS Limited entered into a Material Definitive Agreement related to a private placement. The company is a foreign private issuer filing a Form 6-K report for the month of June 2024, and it previously operated under the names China Rapid Finance Ltd and China Risk Finance LLC.
Why It Matters
This filing indicates a new financing event for SOS Limited, which could impact its capital structure and future operations.
Risk Assessment
Risk Level: medium — Private placements can be complex and may indicate a need for capital, which carries inherent risks.
Key Players & Entities
- SOS Limited (company) — Registrant
- June 11, 2024 (date) — Date of Private Placement Agreement
- China Rapid Finance Ltd (company) — Former Company Name
- China Risk Finance LLC (company) — Former Company Name
- 20150923 (date) — Date of Name Change
- 20051212 (date) — Date of Name Change
FAQ
What is the purpose of the private placement agreement entered into by SOS Limited on June 11, 2024?
The filing states that SOS Limited entered into a Material Definitive Agreement related to a private placement on June 11, 2024, but does not specify the purpose.
What type of report is SOS Limited filing with the SEC for the month of June 2024?
SOS Limited is filing a Form 6-K, which is a Report of Foreign Private Issuer.
What were SOS Limited's previous company names?
SOS Limited was formerly known as China Rapid Finance Ltd and China Risk Finance LLC.
When did SOS Limited change its name from China Risk Finance LLC?
The date of name change from China Risk Finance LLC was 20051212.
Where is SOS Limited's principal executive office located?
SOS Limited's principal executive office is located at Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street West Coast New District, Qingdao City, Shandong Province 266400, People's Republic of China.
Filing Stats: 729 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-06-12 16:05:03
Key Financial Figures
- $0.005 — rdinary Share of the Company, par value $0.005 per share (“ Share ”) and t
- $0.13153 — quo;) with an initial exercise price of $0.13153 per Share, or approximately $1.13 per A
- $1.13 — of $0.13153 per Share, or approximately $1.13 per American depositary share of the Co
- $1.05 — of 0.105225 per Unit, or approximately $1.05 per ADS, for an aggregate purchase pric
- $16.99 million — gregate purchase price of approximately $16.99 million (the “ Offering ”). The net
- $0.197295 — mpany’s Shares trades at or above $0.197295 per Share, or approximately $1.97 per A
- $1.97 — e $0.197295 per Share, or approximately $1.97 per ADS, for 20 consecutive trading day
Filing Documents
- ea0207652-6k_soslimited.htm (6-K) — 14KB
- ea020765201ex99-1_soslimited.htm (EX-99.1) — 250KB
- ea020765201ex99-2_soslimited.htm (EX-99.2) — 101KB
- 0001213900-24-052079.txt ( ) — 367KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: June 12, 2024 SOS Limited By: /s/ Yandai Wang Name: Yandai Wang Title: Chief Executive Officer 2