SOS (SOS) Registration Filing summary

Company overview and business model

• Operates as a Cayman Islands holding company with subsidiaries in China and the U.S., focusing on big data-driven marketing, blockchain/cryptocurrency operations, and commodity trading.

• Revenue for 2024 was primarily from commodity trading (98.4%), with insurance marketing (1.4%) and cryptocurrency (0.1%) as minor contributors.

• No current VIE structure; all operations are through direct subsidiaries.

• Data collection sources include offline third-party purchases, online subscriptions, AI recognition, and cold calls.

Financial performance and metrics

• For the year ended December 31, 2024, net loss was $23.4 million.

• Cash flows from operating activities were negative, with significant intercompany transfers and adjustments.

• Completed a registered direct offering in 2022, raising $18.5 million, and a private placement in March 2025, raising $7.7 million.

• As of June 25, 2025, public float was approximately $45.8 million.

Use of proceeds and capital allocation

• Net proceeds from offerings are intended for working capital and general corporate purposes.

• Proceeds from the resale of shares by selling shareholders will not go to the company.