SOS Limited (NYSE: SOS) boosts Class B capacity, OKs share consolidation
Rhea-AI Filing Summary
SOS Limited reported the results of its extraordinary general meeting of shareholders held on August 11, 2025. Shareholders approved increasing the company’s authorized share capital by creating an additional 500,000,000 Class B Ordinary Shares with a par value of US$0.005 each, to rank equally with existing Class B shares. They also approved a consolidation in which every 150 issued and unissued Class A and Class B Ordinary Shares of US$0.005 par value will be consolidated into 1 Class A and 1 Class B Ordinary Share of US$0.75 par value.
A third proposal, which would have subdivided each authorized issued and unissued Class A and Class B Ordinary Share of US$0.75 par value into 75 Class A and 75 Class B Ordinary Shares of US$0.01 par value each, was not approved by shareholders. The meeting had a quorum, with approximately 74.77% of the 1,019,081,035 outstanding shares represented in person or by proxy.
Positive
- None.
Negative
- None.
Insights
SOS shareholders back major share capital changes but reject a follow-on subdivision.
The meeting approved two key changes to the equity structure. First, holders supported creating an additional 500,000,000 Class B Ordinary Shares of par value
The third step in the sequence, a proposed subdivision of each
FAQ
What did SOS (SOS) shareholders approve at the August 2025 extraordinary meeting?
Shareholders of SOS Limited approved two ordinary resolutions: an increase in authorized share capital by creating 500,000,000 additional Class B Ordinary Shares of
How many SOS shares were represented at the extraordinary general meeting?
Holders of 761,934,571 shares (735,011,060 Class A Ordinary Shares and 26,923,511 Class B Ordinary Shares) were present in person or by proxy, representing approximately 74.77% of the total 1,019,081,035 outstanding shares as of the June 30, 2025 record date.
What is the impact of the approved share consolidation for SOS Limited?
The approved consolidation means every 150 issued and unissued Class A and Class B Ordinary Shares of par value
Did SOS Limited shareholders approve the proposed share subdivision after consolidation?
No. The ordinary resolution to subdivide each authorized issued and unissued Class A and Class B Ordinary Share of
How did SOS Limited shareholders vote on increasing authorized Class B share capital?
For the proposal to increase authorized share capital by creating 500,000,000 additional Class B Ordinary Shares of
Who signed the SOS Limited Form 6-K reporting these shareholder votes?
The report was signed on behalf of SOS Limited by Yandai Wang, who is identified as the company’s Chief Executive Officer, dated August 18, 2025.