International stock quotes are delayed as per exchange requirements. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Our Team Account subscription service is for legal teams of four or more attorneys. The initial step of Phase I of the Center is complete. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? Mr. Yandai Wang serves as an Executive Chairman and Chief Executive Officer at SOS Limited (formerly known as China Rapid Finance Limited) since May 2020. . 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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. We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Last updated: 1 January 2023 at 11:00am EST. mobile smart containers which are also called containerized data centers. This docket was last retrieved on January 19, 2023. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. 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. Executive Summary. The Company has been working with State and Local officials to bring the rigs online and operational. 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. Board ?) 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. "We have secured supply of crypto mining equipment that is expected to generate sufficient crypto hash power to allow us to promptly capture the rising cryptocurrency price," said SOS Chairman Yandai Wang. 2022 Cable News Network. There are 1 older and no younger executives at SOS. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. is a high-technology company providing a wide range of services to its corporate and individual members . At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. 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. Mr. Yandai Wang, chief executive officer and chairman of the Board of Directors (the ? 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. This is why it happened. Under the agreement, the new joint venture will be called SOS Ronghe Digital Technology Co., Ltd., aka SOS Ronghe. Cision Distribution 888-776-0942 other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. SOS has obtained a national high-tech enterprise certification and the title of "Big Data Star Enterprise," awarded by the Gui'an New District Government. 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. View original content:https://www.prnewswire.com/news-releases/sos-ltd-announces-launch-of--hosting-business-in-north-america-301543752.html, https://www.prnewswire.com/news-releases/sos-ltd-announces-launch-of--hosting-business-in-north-america-301543752.html. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Access will be granted to all successfully registered visitors. This represents progress on another step in SOS' strategy to build out its North America operations. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. Factset: FactSet Research Systems Inc.2019. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. The final step of Phase I will add an additional 20MW capacity and is expected to completed in the June timeframe. Map Phone: +86 532 86617117 Fax: - https://service.sosyun.com Incorporated. SOS LIMITED et al 1:2021cv07454 | US District Court for the District of New Jersey | Justia BELTRAN v. SOS LIMITED et al RSS Track this Docket Docket Report This docket was last retrieved on March 31, 2021. Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . Currently SOS has 31 mobile smart containers in Wisconsin. Source: Kantar Media, Executive Chairman & Chief Executive Officer. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. SOS Limited is based Qingdao, the People's Republic of China. 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. No potential class members objected to the settlement terms, even after more than 125,000 notices of the settlement terms were sent out by various means. These containers hold the complete technological infrastructure of a classic data center, but are housed in a steel container. . 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. Most stock quote data provided by BATS. . SOS' SEC filings are available publicly on the SEC's website at www.sec.gov. Yandai Wang. In July 2020, it changed its name to SOS and sold its peer-to-peer microlending business. The core infrastructure of SOS' marketing data, technology and solutions to insurance and emergency rescue services is built on big data, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. (Podcast). The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. SOS Chairman Yandai Wang commented, "we have secured supply of crypto mining equipment that is expected to generate sufficient crypto hash power to allow us to promptly capture the rising crypto price." $SOS actually purchased 15645 Mining Rigs. SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. of the Company, holds 45% of the Purchaser?s equity interests, and Ms. Yilin Wang, original shareholder of the VIE and legal representative of SOS Information Technology Co., Ltd., a subsidiary of the VIE, holds 40% of the Purchaser?s equity interests. It has a capacity of 5MW and is currently hosting 4 mobile containers. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Current positions of Yandai Wang sos SOSAI+++ He received an undergraduate degree from PLA Information Engineering University and an undergraduate degree from the University of San Francisco. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Source: FactSet. 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. Disclaimer. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company . 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. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. Executive Chairman & Chief Executive Officer, Chief Financial Officer & Executive Director. SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Mr Wang is 43, he's been the Exec. All rights reserved. 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 blockchain 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 clients' demand for SOS's super-computing hosting services and our own 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. 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. Learn about SOS Limited (SOS) stock's management team. 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. The ideal candidate will hav CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 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.". All Rights Reserved. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. (dd, ). Copyright FactSet Research Systems Inc. All rights reserved. SOS Ltd. . SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services, with three major product categories: basic cloud, cooperative cloud, and information cloud. AIT 1132021. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. The SOS Group has 35 employees, of which 28 are in a leadership position. 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. 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. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. About Us| SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. Don't miss the crucial news and insights you need to make informed legal decisions. Unlimited access to New Jersey Law Journal, Access to additional free ALM publications, 1 free article* across the ALM subscription network every 30 days, Exclusive discounts on ALM events and publications. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. SOS executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the industry. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. Defendant Dr. Eric H. Yan ("Yan") was hired by SOS on January 6, . All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Specifically, forward-looking statements may include statements related to the following matters of the Company: Changes in SOS product and service market; and. . Before making any investment, you should do your own analysis. According to the suit, SOS purports to be a technology company that provides marketing data, technology and solutions for emergency rescue services. Customer Service| Fundamental company data and analyst estimates provided by FactSet. 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. More such rigs will go online as the company secures more power supply from electricity providers . SOS is an emerging marketing and solution provider based on blockchain and big data. All Rights Reserved. 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. In July 2020, the headquarters of SOS moved from Gui'an new area to Qingdao West Coast new area. SOS is a new high-tech company with artificial intelligence and blockchain as its core technologies. SOS Limited (Translation of registrant's name into English) Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street West Coast New District, Qingdao City, Shandong Province 266400 People's Republic of China +86-532-86617117 (Address of principal executive office) Indicate by check mark whether the registrant files Simply Wall Street Pty Ltd (ACN . Class Action Complaint alleging fraud in Kimberly Beltran v. SOS Limited, described as a Cayman Islands-domiciled, China-based technology company that purportedly provides marketing data, technology, and solutions for emergency rescue services whose securities are listed on the New York Stock Exchange; Yandai Wang, and Eric H. Yan at the U. S. District Court for the District of New Jersey. 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"). Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Copyright 2023 ALM Global, LLC. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? We believe this launch this will fuel sustainable growth and provide value to our shareholders. It focuses on the research and development. 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. 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 . Please refer to the Attorney Case Opening Guide for processing electronically filed cases. Trending on Pulse 2.0. . With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. , or for any errors or delays in the legal industry the legal industry the Board Directors... 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