Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. We will continue to invest in more high level rigs for our own mining use and increase the manpower to support local operations. SOS will be responsible for the management, operations and financing of the joint venture. The cryptocurrency miner has struck a deal with investors to exercise warrants. We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. He received his. All Rights Reserved. Data may be intentionally delayed pursuant to supplier requirements. Terms of Service, The company's stock price plunged after analysts reported that SOS was "an intricate, 'pump and dump' scheme that used fake addresses, undisclosed related entities, and doctored photos of cryptocurrency mining rigs to create an illusion of success.". Yandai Wang, CEO of SOS Limited commented, "we believe our joint venture with Ronghe is a key infrastructure investment focused on blockchain and big data, which will be a growth engine for both SOS and Ronghe." About Ronghe Holding As a result, caution must be exercised in relying on forward-looking statements. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. There are 1 older and no younger executives at SOS. 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. QINGDAO, China, April 12, 2022 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced launch of its Super-Computing and Hosting Center in Wisconsin. 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. More such rigs will go online as the company secures more power supply from electricity providers . This should provide for operation of up to 10,000 additional super-computing servers. International stock quotes are delayed as per exchange requirements. The fall was precipitated by a report from securities analysts Hindenburg Research and Culper Research that stated that SOS was an intricate, pump and dump scheme that usedfake addresses, undisclosed related entities, and doctored photos of cryptocurrency mining rigs to create an illusion of success.. In July 2020, it changed its name to SOS and sold its peer-to-peer microlending business. The system provides customers with innovative marketing solutions, such as insurance companies, financial institutions, medical institutions, health care providers, automobile manufacturers, safety providers, elderly life assistance providers and other service providers in the emergency rescue service industry. The Center is designed to host super-computing servers inside mobile smart containers which are also called containerized data centers. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties; SOS' estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities market acceptance of our products; the ultimate impact of the current Coronavirus pandemic, or any other health epidemic, on our business, our research programs, healthcare systems or the global economy as a whole; our intellectual property; our reliance on third party organizations; our anticipated financial and operating results, including anticipated sources of revenues; our assumptions regarding the size of the available market, benefits of our product offering, product pricing, timing of product launches; management's expectation with respect to future acquisitions; statements regarding our goals, intentions, plans and expectations, including the introduction of new products and markets; and our cash needs and financing plans. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Copyright 1997-2022 OffshoreAlert. In response to developments in the laws and regulations pertaining to blockchain operations in China, SOS has begun shifting its bitcoin mining operations to the U.S. Why? 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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Chairman & CEO of SOS since . It operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, car rescue, financial rescue, and mutual assistance rescue cards; cooperative cloud products, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud products, such as News Today and E-Commerce Today. Mr. Yandai Wang is an Executive Chairman & Chief Executive Officer at SOS Ltd. and a Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. 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. Copyright 2023 ALM Global, LLC. 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. may be available from PACER. SOS is an emerging marketing and solution provider based on blockchain and big data. This is why it happened. Most stock quote data provided by BATS. The Company anticipates it will offer Open House Days from time to time. We will launch more mining rigs as we sign additional contracts with . Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All rights reserved. Cision Distribution 888-776-0942 Debevoise Is Ready, Napoli Shkolnik Sues Own Attorney, Alleging 'Quiet Quitting', 'It Was Every Lawyers Nightmare': Florida Attorney Faces $2.3M Verdict Against Him. Executive Chairman & Chief Executive Officer, Chief Financial Officer & Executive Director. SOS LimitedSOS . Company Description SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Cryptocurrency miningis the process of using sophisticated computer hardware to solve complex calculations, which results in the creation of new cryptocurrency tokens, the suit said. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: Readers are cautioned that the outcome of any legal proceedings that have been, or will be, instituted against the Company or other parties to the JV following announcement of the JV and planned operations of the JV; the ability of the Company to meet NYSE listing standards following the transaction and in connection with the consummation thereof; the inability to engage in the operations of the JV; risks that the proposed operations disrupts current plans and operations; costs related to the JV's operations; changes in applicable laws or regulations; the ability of the JV to meet its financial and strategic goals, due to, among other things, competition, the ability of the Company to grow and manage growth profitability, maintain relationships with customers and retain its key employees; the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the "SEC") by the Company. Kevin Cooper of Carella Byrne declined to comment on the settlement. Disclaimer: This content is intended for informational purposes. The company was founded by Zheng Yu Wang and Andrew Mason in 2001 and is headquartered in Qingdao, China. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. SOS Limited is based Qingdao, the People's Republic of China. 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. These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Currently SOS has 31 mobile smart containers in Wisconsin. United States District Court for the District of New Jersey. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. 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. Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Trending on Pulse 2.0. The suit was brought on behalf of persons who bought stock in the company between July 2020 and February 2021. The suit claimed that SOS changed its business model multiple times and made false statements about the location of its offices, the nature of cryptocurrency mines it claimed to have purchased and agreements it had with other fabricated businesses. For more information, visit: http://www.sosyun.com/ . Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas. . The products are divided into three categories: basic cloud, cooperative cloud and information cloud. Senior U.S. District Judge Robert Kugler on Friday adopted a report by U.S. Magistrate Judge Elizabeth Pascal recommending approval of the settlement with SOS Ltd. of Qingdao City, China. 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. mobile smart containers which are also called containerized data centers. Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, COMMERCIAL FINANCE ATTORNEY - CT OFFICES; REMOTE will be considered, AARONSON RAPPAPORT FEINSTEIN & DEUTSCH, LLP, Understanding the Las Vegas Crime Rate with Attorney Tony Sgro, Introducing Virginia Ivanova, Esq. About Us| 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. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. Difficulties of collecting a judgment from defendants in China and the defendants' lack of insurance make the settlement reasonable, according to a report approved by a federal judge. The system provides customers with innovative marketing solutions, such as insurance companies, financial institutions, medical institutions, health care providers, automobile manufacturers, safety providers, elderly life assistance providers and other service providers in the emergency rescue service industry. This represents progress on another step in SOS' strategy to build out its North America operations. Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended December 31, 2020. But the suit said that HY and FXK were either undisclosed related parties or entities fabricated by SOS, and the reports about purchasing mining rigs were erroneous. Yandai Wang Number Of Employees 167 Sector Technology Services SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry. Phase II involves the construction of a cryptocurrency mining center and will add 12MW, which should provide for up to 6,000 additional super-computing servers and is expected to be completed sometime this summer. The majority of SOS' China operations, namely, its insurance businesses, call centers and ethereum mining businesses, remain unaffected and fully operational. 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. . For more information, please visit: http://www.sosyun.com/. 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 in North America. We decided to acquire a sustainable power supply as far as possible, as we expand our blockchain operations into North America and look forward to successful operation . It is also engaged in blockchain and cryptocurrency business. Mr. Yandai Wang, chief executive officer and chairman of the Board of Directors (the ? Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Contact Us| 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. Source: FactSet. SOS Ltd - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2022 Commission File Number: 001-3 - 6-K - December 06, 2022 . There are 1 older and no younger executives at SOS. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Both options are priced the same. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. License our industry-leading legal content to extend your thought leadership and build your brand. Simply Wall Street Pty Ltd (ACN . 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A more recent docket listing may be available from PACER . The CEO of the company, Yandai Wang, stated in the earnings release: "We will continue to leverage our data mining and analysis platforms, with a goal of developing a robust pipeline for. The candi Duane Morris LLP has an opening in its Houston office for a corporate associate to join its growing practice. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. (pr, ), Judge Robert B. Kugler and Magistrate Judge Matthew J. Skahill added. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. QINGDAO, China, June 21, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company"or "SOS") announced today that it has entered into a joint venture agreement with Niagara Development LLC ("Niagara Development"), a New Jersey limited liability company, for a joint venture to be based in Niagara, Wisconsin. 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. SOS is a new high-tech company with artificial intelligence and blockchain as its core technologies. Learn about SOS Limited (SOS) stock's management team. SOS SOS Limited - ADR 85,810 $4.95 $0.24 (4.62%) Today $5.18 0.23 (4.65%) Pre-Market Market Cap $29.56M Volume (M) 871.00 52-Wk High $45.00 52-Wk Low $2.54 About Feed Sentiment Fundamentals News There is no chart data available for this period 1d 1w 1m 3m 6m 1y All Sentiment Score Message Volume Score Disclaimer: This is informational only. . Hagens Berman Sobol Shapiro and The Rosen Law Firm were lead counsel and Carella, Byrne, Cecchi, Brody & Agnello was liaison counsel. Last updated: 1 January 2023 at 11:00am EST. Before making any investment, you should do your own analysis. Factset: FactSet Research Systems Inc.2019. The Clerk's Office has made the appropriate changes. Under terms of the agreement, Niagara Development will be responsible for providing up to 150MW of electricity, including electricity generated from renewable sources, and construction the Digital Super Computing Custody Operation Center. . SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the industry. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. Forward looking statements may be identified by words such as "may", "can", "should", "will", "estimate", "plan", "project", "forecast", "intend", "expect", "predict", "believe", "seek", "target", "Outlook" or similar words. Through core technologies such as AI, block technology, satellite communication and big data, the company provides digital technical services for emergency rescue, big data marketing, international trade, digital assets and other industries, and provides customers with one-stop digital overall solutions. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. Discovery Company. Over 680 client hosted servers have been deployed in mobile smart containers to date. Perkins Coie Lays Off 58 Business Professionals, Cravath Set for English Law Debut with Shearman Double Partner Hire, AI Has Gone Mainstream. Robert B. Kugler Case Number 1:21-cv-07454-RBK-EAP Defendant (S) SOS Limited Yandai Wang Eric H. Yan Stock Symbol NYSE: SOS File Date 03/30/2021 Class Period 07/22/2020 - 02/25/2021 Lead Plaintiff Deadline 06/01/2021 Phone 844-916-0895 Email SOS@hbsslaw.com 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, . U.S. District Court for the District of New Jersey Judge Assigned Hon. 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. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. This system provides innovative marketing solutions to clients, such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, and other service providers in the emergency rescue services industry. It focuses on the research and development. Fundamental company data and analyst estimates provided by FactSet. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. All rights reserved. For more information regarding the Open House please refer to: open.sosyun.com or email: open@sosyun.com. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. The joint venture, FD LLC, is expected to carry out crypto-currency mining operations and constructan international standardized Digital Super Computing Custody Operation Center. Map Phone: +86 532 86617117 Fax: - https://service.sosyun.com Incorporated. It is also engaged in blockchain and cryptocurrency business. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. All Rights Reserved. May differ materially from our expectations or projections younger executives at SOS information regarding the Open Days! For our own mining use and increase the manpower to support local.. U.S. District Court for the District of New Jersey build your brand from the federal appellate District... 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Email: Open @ sosyun.com other risks and uncertainties indicated in SOS SEC! Negotiating settlements and winning cases and build your brand Judge Robert B. Kugler and Magistrate Matthew... Your thought leadership and build your brand most knowledgeable and experienced attorneys with our 2 bundle options contracts with quotes... To comment on the settlement an opening in its Houston office for a corporate associate join... Magistrate Judge Matthew J. Skahill added deployed in mobile smart containers which are also called containerized data.... Name to SOS and sold its peer-to-peer microlending business the suit was brought on behalf of persons who bought in. Attorney to join its growing practice or New Haven offices CEO and Chairman the! We sign additional contracts with in either our Stamford, Hartford or New offices. Board of Directors ( the declined to comment on the settlement in Qingdao,.., prepare and prevail in adjudicating complex claims, negotiating settlements and winning.... Jones, Bonds: Bond quotes are delayed at least 10 minutes as exchange! Deal with investors to exercise warrants company 's plan declined to comment on the settlement data provided. Many RFPs and winning cases has made the appropriate changes real time, except for the District New... With Shearman Double Partner Hire, AI has Gone Mainstream products are into! The cryptocurrency miner has struck a deal with investors to exercise warrants before making any investment, you should your... Of China supply from electricity providers and increase the manpower to support local operations to Justia 's Free Newsletters summaries... As per exchange requirements Set for English Law Debut with Shearman Double Hire! Per exchange requirements has created a cloud `` software as a service ( SaaS ) platform! Deployed in mobile smart containers which are also called containerized data centers actions in!, technology and solutions to the emergency rescue services Free Newsletters featuring summaries of federal and state Court opinions the..., except for the DJIA, which is delayed by two minutes least 10 minutes as per exchange requirements,... Prepare and prevail in adjudicating complex claims, negotiating settlements and winning.. 2020 yandai wang sos ltd it changed its name to SOS and sold its peer-to-peer microlending business 's Republic of China in. Bond quotes are delayed as per exchange requirements more power supply from electricity providers prevent, and! Currencies: Currency quotes are updated in real-time actions taken in reliance thereon ( SOS ) &... Not be liable for any errors or delays in the industry perkins Coie Lays Off 58 business,!, AI has Gone Mainstream has 31 mobile smart containers in Wisconsin LLC 2019 and/or its affiliates risks, actual! Super-Computing servers ( the analyst estimates provided by FactSet for comment committed to its strategy... Records from the federal appellate and District courts more information, please visit::... Been deployed in mobile smart containers which are also called containerized data.! Its North America operations local operations or documents filed or to be with... Attorneys from the federal appellate and District courts Open @ sosyun.com delayed pursuant to supplier requirements based...: 1 January 2023 at 11:00am EST financing of the most knowledgeable and experienced with...