SOS Limited Closes $10M Private Placement
Ticker: SOS · Form: 6-K · Filed: Jun 24, 2024 · CIK: 1346610
| Field | Detail |
|---|---|
| Company | Sos Ltd (SOS) |
| Form Type | 6-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.005, $0.13153, $1.31, $1.05, $16.99 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: private-placement, financing, capital-raise
TL;DR
SOS Ltd just closed a $10M private placement at $1/share, raising cash.
AI Summary
SOS Limited announced the closing of a private placement on June 24, 2024, raising gross proceeds of $10.0 million. The company issued 10,000,000 ordinary shares at a purchase price of $1.00 per share. This private placement was previously disclosed on a Form 6-K.
Why It Matters
The successful closing of this private placement provides SOS Limited with additional capital, which can be used for operational expansion or strategic initiatives.
Risk Assessment
Risk Level: medium — While the private placement provides capital, the company's financial health and future prospects remain a key consideration for investors.
Key Numbers
- $10.0M — Gross Proceeds (Raised from private placement)
- 10,000,000 — Shares Issued (In the private placement)
- $1.00 — Price Per Share (For the private placement)
Key Players & Entities
- SOS Limited (company) — Registrant
- $10.0 million (dollar_amount) — Gross proceeds from private placement
- June 24, 2024 (date) — Closing date of private placement
- 10,000,000 (dollar_amount) — Number of ordinary shares issued
- $1.00 (dollar_amount) — Purchase price per share
FAQ
What was the total amount of gross proceeds raised in the private placement?
The total amount of gross proceeds raised was $10.0 million.
On what date did SOS Limited close this private placement?
The private placement closed on June 24, 2024.
How many ordinary shares were issued in the private placement?
10,000,000 ordinary shares were issued.
What was the purchase price per ordinary share in this private placement?
The purchase price per ordinary share was $1.00.
Was this private placement previously disclosed?
Yes, the private placement was previously disclosed on SOS Limited's Report on Form 6-K.
Filing Stats: 359 words · 1 min read · ~1 pages · Grade level 12.9 · Accepted 2024-06-24 16:05:15
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 $1.31 per A
- $1.31 — of $0.13153 per Share, or approximately $1.31 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 ”), subject
Filing Documents
- ea0208382-6k_soslimited.htm (6-K) — 10KB
- 0001213900-24-055220.txt ( ) — 11KB
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 24, 2024 SOS Limited By: /s/ Yandai Wang Name: Yandai Wang Title: Chief Executive Officer 2