SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. SOS Ltd. . . India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk recruits team to develop OpenAI rival - The Information, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, French tycoon Niel hikes stake in Millicom to 19.6%, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, Executive Chairman & Chief Executive Officer. The initial step of Phase I of the Center is complete. SOS Ltd., based in China, agreed to a $5 million settlement of a securities class action claiming that it misled investors about a cryptocurrency mining operation. " QINGDAO, China, October 28, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") has actively been relocating its bitcoin mining rigs to a facility in Niagara, WI. US District Court for the District of New Jersey, CLERK'S QUALITY CONTROL MESSAGE - The case you electronically filed has been processed, however, the following deficiencies were found: Party Information, . The joint venture, FD LLC, is expected to carry out crypto-currency mining operations and constructan international standardized Digital Super Computing Custody Operation Center. Currently, SOS, through its majority owned joint venture, FD LLC, has secured a power supply of 25 MW at its facility in Price County Wisconsin, which is expected to be increased to 37MW after certain system improvements are completed. These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: Local government's policies and regulatory oversight of crypto currency mining operation and our other operations; SOS's blockchian and supercomputing, commodity trading and marketing solutions businesses are still under development, with many uncertainties in the future direction and integration of these various business segments; Failure to manage the newly launched commodities trading business effectively; Loss of key customers in the commodity trading business; failure to access a large quantity of power at reasonable costs could significantly increase SOS operating expenses and adversely affect our demand for SOS's mining activities; any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation; security breaches or alleged security breaches of our data warehouses could disrupt SOS operations and have a material adverse effect on its business, financial condition and results of operation; uncertainty in global supply chain and international shipping and. When typing in this field, a list of search results will appear and be automatically updated as you type. 7 17. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia. Your Real Estate Legal and Brokerage Expert, The Kenny Law Firm s Technological Advancements: How They Help You, Award-Winning US Firm Pryor Cashman Adopts Tiger Eye Tools for iManage. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. SOS may not realize its expectations, and its beliefs may not prove correct. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Mr. Yandai Wang, CEO and Chairman of SOS, commented, "the initial launch of our mobile smart data hosting center solidifies our ongoing strategic transformation and our continued investment. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. It focuses on the research and development. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Data may be intentionally delayed pursuant to supplier requirements. AIT 1132021. Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . Investors suffered losses when the price of SOSs American Depositary shares fell by 21%, or $1.27 per share, in February 2021. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. This will add more jobs and support the local economy.". Change value during other periods is calculated as the difference between the last trade and the most recent settle. This is why it happened. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. Ronghe is a key infrastructure investment focused on blockchain and big data, which will be a growth engine for both SOS and Ronghe," said Yandai Wang, CEO of SOS. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Morningstar: 2019 Morningstar, Inc. All Rights Reserved. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. Join New Jersey Law Journal now! The core infrastructure of SOS' marketing data, technology and solutions to insurance and emergency rescue services is built on big date, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. The final step of Phase I will add an additional 20MW capacity and is expected to completed in the June timeframe. Our Team Account subscription service is for legal teams of four or more attorneys. At that time it claimed to rebrand itself as an emergency services business, but less than a year later, it again shifted its focus, this time to cryptocurrency mining, the suit claimed. U.S. District Court for the District of New Jersey Judge Assigned Hon. CNN Sans & 2016 Cable News Network. What happened Shares of SOS Limited ( SOS 1.49%) tanked today, down by 12% as of 11:30 a.m. EST, after the. The two companies will inject $9.1 million in the venture . Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. Copyright 2023 Surperformance. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. Last updated: 1 January 2023 at 11:00am EST. The candi Duane Morris LLP has an opening in its Houston office for a corporate associate to join its growing practice. Don't miss the crucial news and insights you need to make informed legal decisions. Attorneys from the other firms did not respond to requests for comment. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. Access this case on the New Jersey District Court's Electronic Court Filings (ECF) System. According to the suit, SOS purports to be a technology company that provides marketing data, technology and solutions for emergency rescue services. SOS Limited , through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of services to its corporate and individual. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. All rights reserved. Aaronson Rappaport Feinstein & Deutsch, LLP Is Pleased To Announce Patrick P. Mevs & Daniel W. Milstein Have Become Members Of The Firm. SOS is an emerging marketing and solution provider based on blockchain and big data. The SOS Group has 35 employees, of which 28 are in a leadership position. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Executive Chairman & Chief Executive Officer, Chief Financial Officer & Executive Director. These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission ("SEC"). SOS disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. Both options are priced the same. Copyright 2023 ALM Global, LLC. Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. There are 1 older and no younger executives at SOS. Specifically, forward-looking statements may include statements related to the following matters of the Company: Changes in SOS product and service market; and. Pictures of these self contained data centers can be found on the SOS website, (http://www.sosyun.com/). Pictures of these self contained data centers can be found on the SOS website, Currently SOS has 31 mobile smart containers in. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. 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