SOS Limited Announces Termination of Deposit Agreement, | Crypto News

QINGDAO, China, Aug. 28, 2025 /PRNewswire/ — SOS Limited (NYSE: SOS) (“the Company” or “SOS”) immediately introduced its plan to terminate the amended and restated Deposit Agreement dated May 4, 2017, as amended, by and among the many Company, Citibank, N.A. (the “Depositary”), and the holders of American depositary shares (the “ADSs”) from time to time, efficient September 8, 2025 (the “Termination”).

In reference to the Termination, the Company held an extraordinary common assembly of shareholders on August 11, 2025 at which its shareholders authorized an increase to the Company’s licensed share capital, in addition to a 150-for-1 share consolidation of its atypical shares, such that each 150 issued and unissued Class A and Class B Ordinary Shares of a par worth of US$0.005 every within the share capital of the Company be consolidated into 1 Class A Ordinary Share of a par worth of US$0.75 and 1 Class B Ordinary Share of a par worth of US$0.75, respectively.

The Depositary of the Company’s American depositary receipts (the “ADRs”) will distribute to all holders and helpful homeowners of the Company’s ADRs an up to date notification relating to the termination of the ADR facility for the Company’s ADSs pursuant to the Deposit Agreement. The new efficient date of the termination of the Deposit Agreement shall be September 8, 2025 (the “Effective Date”). On the Effective Date (with the Share Consolidation being efficient), holders of ADSs can have their ADSs routinely cancelled and shall be entitled to obtain the corresponding underlying Class A atypical shares, par worth $0.75 per share (“Ordinary Shares”), at a fee of one (1) Ordinary Share for every ADS cancelled (the “Mandatory Exchange”).

Following the Mandatory Exchange, the Ordinary Shares are anticipated to commerce straight on the New York Stock Exchange beneath the present trading image “SOS”.

Safe Harbor Statement

This press release incorporates forward-looking statements made beneath the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology equivalent to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and comparable statements. SOS may additionally make written or oral forward-looking statements in its reviews filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Any statements that aren’t historic information, together with statements about SOS’ beliefs and expectations, are forward-looking statements that contain components, dangers and uncertainties that might trigger precise outcomes to vary materially from these within the forward-looking statements. Further data relating to dangers, uncertainties or components is included within the Company’s filings with the U.S. Securities and Exchange Commission. All data offered on this press release is present as of the date of the press release, and SOS doesn’t undertake any obligation to replace such data, besides as required beneath relevant law.

About SOS Limited

SOS is an rising blockchain-based and large data-driven advertising answer supplier. SOS can also be engaged in blockchain and cryptocurrency operations, which presently embody cryptocurrency mining and should increase into cryptocurrency security and insurance coverage sooner or later. Since April 2021, we launched commodity trading by way of our subsidiary SOS International Trading Co. Ltd and Weigou International Trading Co Ltd. Major trading commodity consists of mineral resin, soybean, wheat, sesame, liquid sulfur, petrol coke and latex and many others. For more data, please go to: http://www.sosyun.com/. 

View unique content material:https://www.prnewswire.com/news-releases/sos-limited-announces-termination-of-deposit-agreement-concurrent-changes-to-share-capital-and-direct-listing-of-ordinary-shares-302541443.html

SOURCE SOS Ltd.

Featured Image: Pexels @ alesia kozik

Disclaimer