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QINGDAO, China, Jan. 29, 2021 /PRNewswire/ SOS Limited (NYSE:
SOS) (the Company or SOS ) announced today that it has completed the initial steps of the execution of its blockchain strategy, and successfully developed cutting-edge firewall system, personal biological information storage system, and antivirus system all of which are based on blockchain and AI. Copyright of these software systems have been registered with the PRC Copyright Protection Center.
In addition, SOS also owns close to 100 software copyrights and 4 certification, all of which are related to cloud computing for rescue and insurance marketing, and blockchain-based Infrastructure. These intellectual property assets demonstrate a solid and complete ecosystem for marketing solution for the rescue service and insurance industry based on blockchain, big data, AI, 5G and satellite network in compliance with the industry, national and international standards, such as ISO, etc.
/PRNewswire/ SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced the agreement by several accredited investors to exercise certain warrants to.
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QINGDAO, China, Jan. 13, 2021 /PRNewswire/ SOS Limited (NYSE: SOS) (the Company or SOS ) today announced its crypto mining plan. SOS plans to invest heavily in the crypto mining business to take advantage of the growing investors realization of the values and potentials of the crypto assets.
Dr. Huazhong (Eric) Yan, Vice President of Operation who spearheads the Company s planned cryptocurrencies security and insurance operation will also be responsible for the crypto mining business. The Company plans to have him lead a team to come up with a detailed plan of setting up a series of cloud crypto mining sites in the regions where energy costs are much lower and clean energy resources much more, such as Sichuan, Gan su, Xinjiang, Yunnan, Inner Mongolia, etc. Initially, SOS anticipates focusing on the mining of the key mainstream cryptocurrencies, such as BTC, etc. If that venture develops as planned, we plan to expand mining furthe
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QINGDAO, China, Jan. 8, 2021 /PRNewswire/ SOS Limited (NYSE: SOS) (the Company or SOS ), a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China, announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase $25,021,250 worth of its American Depositary Shares ( ADS ) and warrants in a registered direct offering.
Under the terms of the securities purchase agreement, the Company has agreed to sell 13,525,000 ADSs and warrants to purchase 13,525,000 ADS. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $1.85. The warrants will expire five years from the date of issuance. The purchase price for one ADS and one corresponding warrant will be $1.85. The determination of the purchase price was based on the average of the Company s closing stock price over t