Why Bitcoin-Related And Ethereum-Related Stock SOS Limited Is Falling

Benzinga2021-11-10

SOS Ltd - ADR shares are trading lower after the company announced an offering of 51.5 million ADSs at $1.75 per ADS.

The gross proceeds to SOS from the registered direct offering are estimated to be $90.1 million before deducting the placement agent's fees and other estimated offering expenses.

SOS says the registered direct offering is expected to close on or about November 12, 2021, subject to the satisfaction of customary closing conditions.

SOS intends to use the proceeds from the offering to develop its business in North America as well as for working capital and general corporate use.

SOS is an emerging blockchain-based and big data-driven marketing solution provider.

SOS has a 52-week high of $15.88 and a 52-week low of $1.21.

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精彩评论

  • federicktwy
    2021-11-17
    federicktwy
    Gg like
  • Kelzz
    2021-11-11
    Kelzz
    [喷血] [喷血] 
  • WKB
    2021-11-11
    WKB
    Maybe chance to buy
  • Gackky
    2021-11-11
    Gackky
    my heart and soul dropped with u…[Spurting] 
    • Venus_M回复Gackky
      oops sorry i tot is referring to bitcoin.. oh no... so sudden they do offering [喷血]
    • Venus_M
      that's why we retail investors are often the last to know and ended up bag holding [打脸]
    • Gackky
      SOS dropped like a rock
    • Venus_M
      so high where got drop
  • SPOT_ON
    2021-11-11
    SPOT_ON
    Like n follow 
  • MarkN
    2021-11-11
    MarkN
    [喷血] 
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