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An emerging blockchain-based and big data-driven marketing solution provider, SOS Limited (NYSE: SOS), (the “Company” or “SOS”), today announced that it has entered into a securities purchase agreement with certain accredited investors to purchase its American Depositary Shares (“ADS”) worth $86,000,000 and warrants in a registered direct offering priced on the market under the NYSE rules.

The Corporation has agreed to sell 8,600,000 ADSs and warrants to buy 4,300,000 ADS under the terms of the securities purchase agreement. The warrants will be exercisable on the date of issue immediately and have an exercise price of $10.00. The warrants are due to expire five years from the date of issue. $10.00 will be the selling price for one ADS and one matching warrant.

Before deducting the placement agent’s fees and other projected offering costs, the gross proceeds to the Company from the registered direct offering are estimated to be $86,000,000. The registered direct offer is scheduled to close on or around 22 February 2021, subject to customary closing conditions being fulfilled.

To grow its recently launched cloud cryptocurrency mining and cryptocurrency security and insurance business, as well as for working capital and general corporate usage, the Company intends to use the proceeds from the bid.

Maxim Group LLC is working in conjunction with this offering as the sole placement agent.

The securities described above are being offered by the Company pursuant to a shelf registration statement on Form F-3, as amended (File No.: 333-252279) previously filed with the Securities and Exchange Commission (the “SEC”) , and declared effective on February 8, 2021 and an additional registration statement pursuant to Rule 462(b) under the Securities Act of 1933, as amended. A prospectus supplement related to the offering will be, filed with the SEC and available on the SEC’s website at http://www.sec.gov. Copies of the prospectus supplement relating to the offering may be obtained, when available, by contacting: Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, by telephone: at (212) 895-3500.

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This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

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