SOS Limited has filed Amendment No. 1 to its Form F-3 shelf registration, requesting authority to issue up to US$500 million of securities, including Class A ordinary shares/ADSs, preferred shares, debt, warrants, rights and units. The filing also registers 484,281,240 Class A ordinary shares issuable upon exercise of warrants dated 19 June 2024 for potential resale by existing holders.
The company’s public float is approximately US$45.8 million, meaning sales under this “baby shelf” are capped at one-third of that value within any 12-month period, and SOS confirms it has not used this capacity over the preceding year. Its ADSs trade on the NYSE under the symbol “SOS” and closed at US$5.89 on 24 June 2025.
SOS is a Cayman Islands holding company operating through subsidiaries in China and the United States. The prospectus highlights extensive PRC regulatory and compliance risks, including recent CSRC filing requirements, cybersecurity oversight and potential restrictions on offshore offerings that could materially affect operations or security values. Company counsel believes the selling shareholders’ resale does not trigger an immediate CSRC filing. The registration statement is not yet effective; SOS may amend further and cannot sell securities until SEC effectiveness.