SOS (SOS) has released an update.
SOS Limited has successfully concluded a private placement deal, raising approximately $16.99 million by selling over 161 million units, each composed of one ordinary share and three warrants. The transaction was completed on June 19, 2024, with the units being offered to certain ‘non-U.S. Persons’ at a discounted price, reflecting the company’s strategic efforts in securing new funds.
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