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QINGDAO, China, Dec. 29, 2020 /PRNewswire/ SOS Limited (NYSE: SOS) (the Company or SOS ) announced today that it entered into a strategic cooperation agreement with Zhonglu Property And Casualty Insurance Co, Ltd ( Zhonglu ) to cooperate in the area of big data precision marketing, insurance product promotion and big data intelligent analysis.
Currently, SOS has a nationwide membership base of approximately 20 million. It currently works with more than 100 offline rescue service providers, banks, voice service robots, 100 24-hour customer service hotlines, and the national rescue service hotline 952122, etc. The core infrastructure of SOS insurance marketing and service supply chain is built on big date, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc.
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QINGDAO, China, Dec. 22, 2020 /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 $4,030,000.00 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 2,600,000 ADSs and warrants to purchase 2,600,000 ADSs. The warrants will be exercisable immediately upon the date of issuance and have an exercise price of $1.55. The warrants will expire five years from the date of issuance. The purchase price for one ADS and one corresponding warrant will be $1.55. The gross proceeds to the Company from the registered direct offering are estimated to be $4,030,000.00 before d
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QINGDAO, China, Dec. 21, 2020 /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 its preliminary estimates of certain financial results for its full fiscal year of 2020 ending December 31, 2020, and business outlook for the fiscal year of 2021.
Outstanding Revenue Growth Expected For Full Year 2020
Based on information available as of today, full year 2020 revenue is expected to be approximately $49.5 million, representing growth of 451% compared to that of 2019. The revenue s robust growth is primarily due to the effective execution of the Company s business transformation strategy, which enabled us to cease our legacy peer-to-peer lending business and focus on providing marketing-related data for clients such as insurance companies, financial institutions, medical institut
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