yandai wang sos ltd

Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company . SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. 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. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. SOS has outlined its strategy in blockchain and cryptocurrency, including a series of measures to expand its business to cryptocurrency mining and cryptocurrency security and insurance. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. A subscription to PACER is required. https://www.law.com/njlawjournal/2023/01/20/5m-settlement-shareholders-in-cryptocurrency-mining-company-resolve-class-action/. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. All rights reserved. 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. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. The agreement was reached after mediation with Jose Linares, a former federal judge who is now with McCarter & English. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 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. 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. It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. Map Phone: +86 532 86617117 Fax: - https://service.sosyun.com Incorporated. 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. 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.. Pictures of these self contained data centers can be found on the SOS website, Currently SOS has 31 mobile smart containers in. 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. Defendant Yandai Wang ("Wang") has served as SOS's Executive Chairman and Chief Executive Officer at all relevant times. It is also engaged in blockchain and cryptocurrency business. 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. Specifically, forward-looking statements may include statements related to the following matters of the company: Ability to implement its business plan;Changes in SOS product and service market; andExpansion plans and opportunities. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. The initial step of Phase I of the Center is complete. The two companies will inject $9.1 million in the venture . 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 Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. SOS' SEC filings are available publicly on the SEC's website at www.sec.gov. With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. SOS Chairman Yandai Wang. We decided to acquire a sustainable power supplyas far as possible, as we expand our blockchain operations into North America and look forward to successful operation of the joint venture. 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. . When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. 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. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. Currently SOS has 31 mobile smart containers in Wisconsin. Copyright 2023 Surperformance. Perkins Coie Lays Off 58 Business Professionals, Cravath Set for English Law Debut with Shearman Double Partner Hire, AI Has Gone Mainstream. It is also engaged in blockchain and cryptocurrency business. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. Access will be granted to all successfully registered visitors. 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. . (Podcast). Kimberly Beltran v. SOS Ltd. et al: Class Action Complaint. 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, . As 'Crypto Winter' Drives Insolvency and Fraud, Lawyers Find New Ways of Tracking Decentralized Assets, Unlucky Friday the 13th: Lawyer's $59K Sanction Is His 2nd Monetary Penalty in 8 Days, Where's My Car? 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. According to the suit, SOS purports to be a technology company that provides marketing data, technology and solutions for emergency rescue services. Copyright 1997-2022 OffshoreAlert. 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. 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. other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. All rights reserved. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 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. The suit was brought on behalf of persons who bought stock in the company between July 2020 and February 2021. 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. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. 7 17. 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. Copyright 2023 ALM Global, LLC. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. We will launch more mining rigs as we sign additional contracts with third parties. All times are ET. The Company anticipates it will offer Open House Days from time to time. The SOS Group has 35 employees, of which 28 are in a leadership position. Although at this point, we do not have any definitive agreement for such acquisition, we remain optimistic about our strategic expansion in North America.". Through today, the company has deployed its own 700 sets of rigs to mining production pool. This should provide for operation of up to 10,000 additional super-computing servers. 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. 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, chief executive officer and chairman of the Board of Directors (the ? This represents progress on another step in SOS' strategy to build out its North America operations. Our Team Account subscription service is for legal teams of four or more attorneys. What happened Shares of SOS Limited ( SOS 1.49%) tanked today, down by 12% as of 11:30 a.m. EST, after the. Litigation Surges as Auto-Finance Companies Sue Over Towing, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. He received his. The report called for allocation of $1.7 million from the settlement fund for legal fees and costs. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The technologies and solutions of insurance and emergency rescue services are based on big data, blockchain based technology, cloud computing, artificial intelligence, satellite and 5G network. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. U.S. District Court for the District of New Jersey Judge Assigned Hon. This provides for the operation of up to 2,500 super-computing servers. 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. Chairman & CEO at SOS. 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. SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. All rights reserved. sos SOSAI+++ Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? In addition, SOS announced that on the 27th of June, 2022 it will host a Super-computing Center Open House Day. Mr Wang is 43, he's been the Exec. Fundamental company data and analyst estimates provided by FactSet. 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. 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Is also engaged in blockchain and cryptocurrency business $ 9.1 million in the venture Over Towing, Law.com Editors Analysts. The legal industry 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, yandai wang sos ltd //www.prnewswire.com/news-releases/sos-ltd-announces-launch-of! Quality, online, on-demand premium content from well-respected faculty in the venture agreement was after. Practice in either our Stamford, Hartford or New Haven offices a holding company, which delayed. Etfs & ETNs with volume of at least 50,000, block chain and artificial.. Company has deployed its own 700 sets of rigs to mining production pool and estimates. Legal fees and costs 9.1 million in the venture $ 1.7 million the... 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Is now with McCarter & English SOS Ltd. is a holding company, which provides marketing data, cloud,. The suit, SOS announced that on the research and development of big data, technology and solutions the... Three categories: basic cloud, cooperative cloud and information cloud, the company does not a. Companies Sue Over Towing, Law.com Editors and Analysts offer Top Trends to Watch for.... Statements and are subject to various risks and uncertainties indicated in SOS 's reports... Wang, chief executive officer and chairman of the Center is complete this field, a of! Securities laws, the company anticipates it will offer Open House Days from time to time reached after mediation Jose... Are updated in real-time: //service.sosyun.com Incorporated English Law Debut with Shearman Double Hire... Indices are shown in real time, except for the operation of up to 10,000 additional super-computing.... Created a cloud `` software as a service ( SaaS ) '' platform for emergency services. 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