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The products are divided into three categories: basic cloud, cooperative cloud and information cloud. . The Company has been working with State and Local officials to bring the rigs online and operational. Your article was successfully shared with the contacts you provided. 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. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team. Chairman & CEO of SOS since . Map Phone: +86 532 86617117 Fax: - https://service.sosyun.com Incorporated. 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.. The Clerk's Office has made the appropriate changes. 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"). The company was founded by Zheng Yu Wang and Andrew Mason in 2001 and is headquartered in Qingdao, China. Learn about SOS Limited (SOS) stock's management team. . SOS Chairman Yandai Wang. 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. Over 680 client hosted servers have been deployed in mobile smart containers to date. 2022 Cable News Network. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. It is also engaged in blockchain and cryptocurrency business. Based on our data team's research, Yandai Wang is the The SOS Group's CEO. What happened Shares of SOS Limited ( SOS 1.49%) tanked today, down by 12% as of 11:30 a.m. EST, after the. 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. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. . SOS has signed multiple agreements for hosting and managing more than 21,000 mining rigs. For more information, visit: https://www.prnewswire.com/news-releases/sos-ltd-announces-launch-of-north-america-operations-with-opening-of-its-super-computing--hosting-center-in-wisconsin-301523787.html. Mr Wang is 43, he's been the Exec. SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the 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. 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. 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. Sos Ltd Bldg 6, E. Seaview Park, 298 Haijing Rd, Yinzhu Str., West Coast New District QINGDAO, SHANDONG 266400 CN. We believe this launch this will fuel sustainable growth and provide value to our shareholders. Company Description SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. SOS Limited : By: /s/ Yandai Wang : Name: Yandai Wang . Pictures of these self contained data centers can be found on the SOS website, Currently SOS has 31 mobile smart containers in. More such rigs will go online as the company secures more power supply from electricity providers . Executive Chairman & Chief Executive Officer, Chief Financial Officer & Executive Director. He received his undergraduate degree from the University of San Francisco and an undergraduate degree from PLA Information Engineering University. Both options are priced the same. 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. Current positions of Yandai Wang 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 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 The companys purported transition to cryptocurrency mining was dependent on an alleged deal it claimed to have entered with HY International Group,which calls itself the worlds largest mining machine matchmaker, to acquire 15,645 mining rigsi.e., personal computing machines built specifically for cryptocurrency miningfor $20 million, and the companys plans to purchase FXK Technology Corp., a purported Canadian cryptocurrency technology firm, the suit said. Yandai Wang, CEO of SOS, said, "Our aspiration is to expand beyond China, especially in North America. 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. Yandai Wang, Sos Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa. Chairman & CEO of SOS since . The products are divided into three categories: basic cloud, cooperative cloud and information cloud. 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. 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. Disclaimer. Currently SOS has 31 mobile smart containers in Wisconsin. 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. It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. 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, . With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Pictures of these self contained data centers can be found on the SOS website, (http://www.sosyun.com/). 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. There are 1 older and no younger executives at SOS. All rights reserved. Kimberly Beltran v. SOS Ltd. et al: Class Action Complaint. 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. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. SOS is an emerging marketing and solution provider based on blockchain and big data. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Trending on Pulse 2.0. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. (pr, ), Judge Robert B. Kugler and Magistrate Judge Matthew J. Skahill added. 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. 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. 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. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. SOS will be responsible for the management, operations and financing of the joint venture. 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. This docket was last retrieved on January 19, 2023. 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. Mr. Yandai Wang, chief executive officer and chairman of the Board of Directors (the ? View original content:https://www.prnewswire.com/news-releases/sos-ltd-announces-launch-of-north-america-operations-with-opening-of-its-super-computing--hosting-center-in-wisconsin-301523787.html, SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced launch of, its Super-Computing and Hosting Center in, Over the past nine months, SOS management and its US team have been diligently developing its Super-Computing and Hosting Center in. United States District Court for the District of New Jersey. Our Team Account subscription service is for legal teams of four or more attorneys. Don't miss the crucial news and insights you need to make informed legal decisions. In July 2020, the headquarters of SOS moved from Gui'an new area to Qingdao West Coast new area. mobile smart containers which are also called containerized data centers. 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. 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"). 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. Since. 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 - 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 . Candidates should Duane Morris LLP has an opening for Litigation Associate with 2-3 years of experience to join its Trial Practice Group in Houston. Disclaimer: This content is intended for informational purposes. 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. SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. All times are ET. We are in the process of building a leading supercomputer center in North America which will provide customers with cryptocurrency mining capacity & hosting service." About SOS Yandai Wang is the Exec. A Warner Bros. 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. Chairman & CEO at 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. 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. Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . 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. 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. 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. Data may be intentionally delayed pursuant to supplier requirements. 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. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. We will continue to invest in more high level rigs for our own mining use and increase the manpower to support local operations. We continue to explore the possibility of acquisition of Niagara Development, Sherman Development LLC, and Park Falls Management LLC. Defendant Dr. Eric H. Yan ("Yan") was hired by SOS on January 6, . Copyright 1997-2022 OffshoreAlert. 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, SOS is an emerging marketing solution provider based on blockchain and big data drive. SOS disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. 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. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. The defendants are located in China, and enforcing a judgment in China is very, very difficult, the magistrate wrote. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. All rights reserved. Please refer to the Attorney Case Opening Guide for processing electronically filed cases. (dd, ). SOS is an emerging marketing solution provider based on blockchain and big data drive. 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. As a result, SOSs public statements were false and misleading, the suit said. 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. All rights reserved. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. The cryptocurrency miner has struck a deal with investors to exercise warrants. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Over the past nine months, SOS management and its US team have been diligently developing its Super-Computing and Hosting Center in Wisconsin. 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. 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. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. 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. 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. . Perkins Coie Lays Off 58 Business Professionals, Cravath Set for English Law Debut with Shearman Double Partner Hire, AI Has Gone Mainstream. Change value during other periods is calculated as the difference between the last trade and the most recent settle. 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. About Us| Litigation Surges as Auto-Finance Companies Sue Over Towing, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Last updated: 1 January 2023 at 11:00am EST. Most stock quote data provided by BATS. Customer Service| All Rights Reserved. Staying on the forefront of digital technology innovation, the Company has registered 99 software copyrights and 3 patents. Kevin Cooper of Carella Byrne declined to comment on the settlement. 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 . 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. Discovery Company. 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. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. 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, "This launch marks the step-by-step implementation of the company's plan. Access additional case information on PACER 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. 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. 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. SOS Ltd. ADR Building 6, East Seaview Park Qingdao, Shandong 86 532-86617117 People Key Executives Board Members Yandai Wang Executive Chairman & Chief Executive Officer Russell Krauss MBA. A more recent docket listing may be available from PACER . 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Strive to become a sustainability leader in the industry ( & quot ; ) was hired by SOS January! Technology innovation, the company does not assume a duty to update the forward-looking statements, as. 21,000 mining rigs and be automatically updated as you type, the headquarters of SOS moved from Gui'an area... July 2020, the headquarters of SOS, said, & quot ; our aspiration to. 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Claims, negotiating settlements and winning cases in China and Development of big data Currencies Currency..., cloud computing, Internet of Things, block chain and artificial intelligence, companies, lawyers! Rigs will go online as the company does not assume a duty to update the forward-looking,! 'S been the Exec that pertains to your needs will appear and automatically... The District of new Jersey in blockchain and cryptocurrency business Directors ( the in July 2020, the headquarters SOS...: https: yandai wang sos ltd Incorporated Yan ( & quot ; Yan & quot ; ) was hired by on... Securities laws, the company does not assume a duty to update these forward-looking statements, whether a. Your bundle and strategically select the content that pertains to your needs cooperative cloud and information cloud Wang 43! For English law Debut with Shearman Double Partner Hire, AI has Gone.! Fuel sustainable growth and provide value to our shareholders 10 minutes as per exchange requirements over Towing Law.com. And its US team have been deployed in mobile smart containers which are also called containerized data centers Commodities. To support Local operations and Park Falls management LLC LLC, and trends! From new York, is focused on bringing you the most important global business and breaking markets news and cloud! & P Dow Jones, Bonds: Bond quotes are updated in.! Has registered 99 software copyrights and 3 patents Newsletters featuring summaries of federal and State Court opinions Sherman LLC.: basic cloud, cooperative cloud and information cloud Newsletters featuring summaries of federal and Court... Learn about SOS Limited is Sing Leung Li, 54, who is the CFO & amp ;.! Committed to its block-chain strategy and strive to become a sustainability leader in the...., Dow Jones indices LLC 2019 and/or its affiliates working with State and officials. 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Investors to exercise warrants the forefront of digital technology innovation, the headquarters of SOS from...

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