Sos Ltd – ADR SOS shares are buying and selling decrease by 36.5% at $0.47 after the corporate introduced pricing of a roughly $20 million registered direct providing.
SOS Restricted says, underneath the phrases of the securities buy settlement, the corporate has agreed to promote 35,750,000 ADSs at a purchase order worth of $0.56 per ADS. SOS Restricted intends to make use of the proceeds from the providing to develop its enterprise in North America in addition to for working capital and basic company use.
Shares of a number of Chinese language corporations, together with SOS Restricted, are additionally buying and selling decrease after U.S. Securities Regulators lowered expectations of a deal to maintain Chinese language shares listed on American exchanges.
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SOS Restricted is engaged within the provision of emergency rescue enterprise offering emergency healthcare companies, emergency roadside help, emergency dwelling help and different rescue companies in China.
SOS Restricted has a 52-week excessive of $6.17 and a 52-week low of $0.45.