SOS Limited Ends Deposit Pact, Direct NYSE Listing
SOS Limited Announces End of Deposit Agreement, Share Capital Changes, and Direct Listing on NYSE
SOS Limited (NYSE: SOS) has announced that it will terminate its amended and restated Deposit Agreement dated May 4, 2017, with Citibank, N.A. as Depositary, effective September 8, 2025. The agreement governed the issuance and administration of the company’s American depositary shares (ADSs).
Shareholder Approval For Capital Changes
The decision follows an extraordinary general meeting on August 11, 2025, where shareholders approved key resolutions, including:
- An increase in authorized share capital.
- A 150-for-1 share consolidation of all issued and unissued Class A and Class B Ordinary Shares. After consolidation, each 150 shares with a par value of US$0.005 will become 1 Class A or Class B share at US$0.75 par value.
This restructuring is aimed at streamlining the capital structure as SOS transitions to direct share trading on the New York Stock Exchange.
Mandatory Exchange Of ADSs
As part of the termination process, the Depositary will notify all holders of the company’s American depositary receipts (ADRs). On the effective date of September 8, 2025, all ADSs will be automatically cancelled. Holders will receive 1 Class A Ordinary Share (par value US$0.75) for each ADS cancelled, in what is termed the Mandatory Exchange.
Direct Listing On NYSE
Following the exchange, SOS’s Ordinary Shares are expected to begin trading directly on the New York Stock Exchange under the ticker “SOS”, maintaining continuity for investors.
About SOS Limited
SOS Limited is a blockchain-based and big data-driven marketing and technology provider. The company also engages in cryptocurrency-related activities, including mining, security, and insurance, and operates in commodity trading through subsidiaries SOS International Trading Co. Ltd and Weigou International Trading Co. Ltd. Products include mineral resin, soybean, wheat, sesame, liquid sulfur, petrol coke, and latex.
For more information, visit www.sosyun.com.
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