SOS - Why Crypto-Related Stock SOS Limited Is Getting Hammered | Benzinga
SOS Ltd – ADR (NASDAQ:SOS) shares are trading lower by 30% to $1.49 during Wednesday’s session after the company announced a public offering of approximately $7.85 million worth of its American Depositary Shares (ADS) and warrants.
The offering involves the sale of 5,233,332 ADSs along with warrants to purchase 10,466,664 ADSs. The warrants will have an exercise price of $1.50 and will be exercisable immediately upon issuance, with a five-year expiration period.
The offering is expected to close around March 15, pending customary closing conditions. ...