Announcement • Jul 31
SOS Limited has filed a Follow-on Equity Offering in the amount of $7.499993 million. SOS Limited has filed a Follow-on Equity Offering in the amount of $7.499993 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 2,142,855
Price\Range: $3.5
Discount Per Security: $0.21
Transaction Features: Registered Direct Offering Announcement • May 01
SOS Limited announced delayed 20-F filing On 04/30/2025, SOS Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. Reported Earnings • Sep 26
First half 2024 earnings released: US$0.30 loss per share (vs US$1.56 loss in 1H 2023) First half 2024 results: US$0.30 loss per share. Revenue: US$60.5m (up 45% from 1H 2023). Net loss: US$10.9m (loss widened 1.9% from 1H 2023). New Risk • Sep 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (188% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€11.9m market cap, or US$13.2m). New Risk • Sep 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.79m (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (188% increase in shares outstanding). Market cap is less than US$10m (€8.79m market cap, or US$9.75m). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Announcement • Aug 22
SOS Announces Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price SOS Limited announced the Company has received a letter from the New York Stock Exchange dated June 27, 2024, notifying SOS that it is below compliance standards due to the trading price of SOS's American depositary shares (the "ADSs"). Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above $1.00 by six months following receipt of the notification. The company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the cure period the company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that at the expiration of the six-month cure period, both a $1.00 closing share price on the last trading day of the cure period and a $1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures. The notice has no immediate impact on the listing of the Company's ADSs, which will continue to be listed and traded on the NYSE during the cure period subject to continued compliance with the other listing requirements of the NYSE. Board Change • Jul 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. CFO & Director Steven Li was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jul 17
SOS Limited, Annual General Meeting, Aug 15, 2024 SOS Limited, Annual General Meeting, Aug 15, 2024, at 10:00 China Standard Time. Location: building 6, east seaview park, 298 haijing road, yinzhu street, west coast new district, shandong province 266400, qingdao city, China Announcement • May 01
SOS Limited announced delayed 20-F filing On 04/30/2024, SOS Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Mar 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 129% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 94% per year over the past 5 years. Shareholders have been substantially diluted in the past year (129% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€19.2m market cap, or US$20.8m). Announcement • Mar 13
SOS Limited has filed a Follow-on Equity Offering in the amount of $7.85 million. SOS Limited has filed a Follow-on Equity Offering in the amount of $7.85 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 5,233,332
Price\Range: $1.5
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 10,466,664 Announcement • Jan 16
SOS Limited Announces the Launch of an Additional 1,500 Super-Computing Mining Rigs in Its Fort Stockton Texas Super-Computing Center SOS Limited announced the launch of an additional 1,500 super-computing mining rigs in its Fort Stockton Texas Super-Computing Center. SOS entered into a hosting contract with Grand Flourish Inc, a company in California, on December 8, 2023 for hosting the 1,500 super-com computing servers. This launch represents another step in SOS' North American growth strategy. SOS has been steadily implementing its mining and hosting business in North America over the past two years. Texas Super-Computing Center has completed the construction for producing 42MW of power. Its capacity can be further increased to 200MW and can be able to accommodate 200 mobile smart containers and 60,000 super-computing servers in the future. Currently, Texas Super-Computing Center is operating 8,483 super-computing servers. Wisconsin Super-Computing Center is currently producing 8.5MW of power and is operating 810 super-computing servers. The site is expected to reach a total power capacity of 25MW, and would be able to accommodate 25 mobile smart containers and 7,500 super-computing servers. Currently, SOS is operating at a total hash rate of 1.35 Exahash (EH/s) in North America. Reported Earnings • Dec 14
First half 2023 earnings released: US$1.56 loss per share (vs US$3.40 loss in 1H 2022) First half 2023 results: US$1.56 loss per share (improved from US$3.40 loss in 1H 2022). Revenue: US$41.8m (down 51% from 1H 2022). Net loss: US$10.7m (loss narrowed 50% from 1H 2022). Announcement • Dec 13
SOS Limited has filed a Follow-on Equity Offering in the amount of $12 million. SOS Limited has filed a Follow-on Equity Offering in the amount of $12 million.
Security Name: American Depositary Shares
Security Type: Depositary Receipt (Common Stock)
Security Name: Warrants
Security Type: Equity Warrant
Transaction Features: Registered Direct Offering Announcement • Oct 19
SOS Limited announced that it has received $17.883803 million in funding On October 17, 2023, SOS Limited closed the transaction. Reported Earnings • Sep 30
First half 2023 earnings released: US$0.031 loss per share (vs US$2.29 loss in 1H 2022) First half 2023 results: US$0.031 loss per share (improved from US$2.29 loss in 1H 2022). Revenue: US$41.8m (down 69% from 1H 2022). Net loss: US$10.7m (loss narrowed 25% from 1H 2022). Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. CFO & Director Steven Li was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Jun 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €1.93m (US$2.11m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 115% per year over the past 5 years. Market cap is less than US$10m (€1.93m market cap, or US$2.11m). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Reported Earnings • May 18
Full year 2022 earnings released: US$35.99 loss per share (vs US$10.52 loss in FY 2021) Full year 2022 results: US$35.99 loss per share (further deteriorated from US$10.52 loss in FY 2021). Revenue: US$260.0m (down 27% from FY 2021). Net loss: US$229.2m (loss widened 365% from FY 2021). Announcement • Nov 09
SOS Limited, Annual General Meeting, Dec 05, 2022 SOS Limited, Annual General Meeting, Dec 05, 2022, at 10:00 Eastern Daylight. Location: Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street, West Coast New District, Qingdao City, Shandong Province 266400 Shandong Province, China Agenda: To discuss Yandai Wang be re-elected as director of the Company; to consider Li Sing Leung be re-elected as director of the Company; to consider Russell Krauss be re-elected as director of the Company; to consider Douglas L. Brown be re-elected as director; to consider Ronggang Zhang be re-elected as director; to discuss Wenbin Wu be re-elected as director; to consider ratify the selection of Audit Alliance LLP of the company; to approve the Company’s 2022 equity incentive plan; and to transact any such other business. Reported Earnings • Sep 29
First half 2022 earnings released: EPS: US$0 (vs US$20.80 loss in 1H 2021) First half 2022 results: EPS: US$0 (improved from US$20.80 loss in 1H 2021). Revenue: US$132.7m (down 28% from 1H 2021). Net loss: US$14.3m (loss narrowed 30% from 1H 2021). Announcement • Jul 24
SOS Regains Compliance with NYSE Minimum Price Continued Listing Criterion On July 22, 2022, SOS Limited announced that it has received a notification letter from the New York Stock Exchange (the "NYSE") dated July 14, 2022, informing the Company that it has regained compliance with the NYSE's continued listing criterion of a minimum share price as set forth in Section 802.01C of the NYSE Listed Company Manual. As previously announced, the company received a letter from the NYSE dated January 14, 2022 notifying the Company that it was below compliance standards due to the fact that the average closing price of the Company's American Depositary Shares (the "ADSs") was less than $1.00 for a consecutive 30 trading-day period. In order to regain compliance with the minimum share price requirement, the Company changed the ratio of the ADSs representing its Class A ordinary shares from one (1) ADS representing ten (10) Class A ordinary shares to one (1) ADS representing five hundred (500) Class A ordinary shares. The change of the ADS ratio became effective on July 6, 2022. On July 14, 2022, NYSE provided confirmation to the Company that its average closing share price for the consecutive 30-trading days ended July 14, 2022 was above the NYSE's minimum requirement of $1.00 per share. Accordingly, the Company is no longer considered below the $1 continued listing criterion and has regained compliance on this matter. Additional information concerning these and other factors that may impact the company's expectations and projections can be found in the company's periodic filings with the SEC, including the company's Annual Report on Form 20-F for the fiscal year ended December 31, 2021. Reported Earnings • May 04
Full year 2021 earnings released Full year 2021 results: Revenue: US$357.8m (up US$307.5m from FY 2020). Net loss: US$49.3m (down US$54.1m from profit in FY 2020). Announcement • Feb 13
SOS Announces Receipt of NYSE Non-Compliance Letter Regarding ADS Trading Price SOS Limited (the "Company" or "SOS") announced the Company has received a letter from the New York Stock Exchange (the "NYSE") dated January 14, 2022, notifying SOS that it is below compliance standards due to the trading price of SOS's American depositary shares (the "ADSs"). Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than $1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above $1.00 by six months following receipt of the notification. The company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the cure period the company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that at the expiration of the six-month cure period, both a $1.00 closing share price on the last trading day of the cure period and a $1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures. The notice has no immediate impact on the listing of the Company's ADSs, which will continue to be listed and traded on the NYSE during the cure period subject to continued compliance with the other listing requirements of the NYSE. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 30% share price gain to US$2.78, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 30x in the Professional Services industry in Europe. Announcement • May 28
Gewirtz & Grossman, LLC Reminds SOS Limited Shareholders with Losses Exceeding $100,000 of Class Action and Lead Plaintiff Deadline Gewirtz & Grossman, LLC notified investors that a class action lawsuit has been filed against SOS Limited and certain of its officers, on behalf of shareholders who purchased or otherwise acquired SOS American depository shares ("ADSs") between July 22, 2020 and February 25, 2021, both dates inclusive (the "Class Period"). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose that: (1) SOS had misrepresented the true nature, location, and/or existence of at least one of the principal executive offices listed in its SEC filings; (2) HY and FXK were either undisclosed related parties and/or entities fabricated by the Company; (3) the Company had misrepresented the type and/or existence of the mining rigs that it claimed to have purchased; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times. A class action lawsuit has already been filed. Announcement • May 19
SOS Ltd. Launches 6,039 Mining Rigs as It Scales Up Cryptomining Operations SOS Limited announced that 6,039 mining rigs received over the past month have all been put into operation, including a batch of 575 Ethereum mining rigs received on May 7, 2021, and another batch of 5,464 rigs from the third and final installation of rig purchase received in April. The 575 ETH rigs are expected to generate approximately 400 GH/s and the 5,464 rigs are expected to generate an aggregate of approximately 177 PH/s for mining Bitcoin and 356 GH/s for mining ETH. Currently, across all mining fleet operations, the company's total capacity is expected to generate approximately 527 PH/s for mining BTC and 1,456 GH/s for mining ETH. The company currently gets over 90% of its energy for mining operations from renewable sources. If the mining operations perform as expected and the long-term price trends of applicable cryptocurrencies continue, the return on investment is projected to be promising. These hash rates are subject to numerous factors, including down time for maintenance, reconfiguration and other variable factors that may materially impact computing performance in the future. Announcement • May 08
SOS Announces Completion of Phase I of Leibodong Mine and Receipt of 575 ETH Mining Rigs SOS Limited announced that the first phase of the Leibodong Mine has been completed and 575 sets of ETH cryptocurrency mining rigs have been delivered. SOS leased approximately 1,350 square meters of space from Leibodong Hydropower Station in Hejiang County, Luzhou City, Sichuan, in late March. SOS started the construction of a cloud cryptocurrency mining center and has recently completed the first phase of approximately 300 square meters which can accommodate approximately 1,100 rigs. The previously announced purchase of 575 ETH mining rigs were received on May 7. The Company expects its team should be able to complete inspection and installation of these rigs in the near future. Upon completion of the installation and full on-line operation of all these mining rigs, the Company expects to obtain approximately 400 GH of ETH hash. Announcement • May 02
SOS Limited announced delayed 20-F filing On 04/30/2021, SOS Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. 