yandai wang sos ltd

These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia. SOS is an emerging marketing and solution provider based on blockchain and big data. 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. 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 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? " QINGDAO, China, October 28, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") has actively been relocating its bitcoin mining rigs to a facility in Niagara, WI. Data may be intentionally delayed pursuant to supplier requirements. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. Currently SOS has 31 mobile smart containers in Wisconsin. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. 7 17. Executive Summary. QINGDAO, China, May 10, 2022 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced the launch of its Hosting Business at the Super-Computer & Hosting Center in Wisconsin. 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. Kevin Cooper of Carella Byrne declined to comment on the settlement. That firms Sandra Grannum declined to comment on the settlement. AIT 1132021. 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. 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. . 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. International stock quotes are delayed as per exchange requirements. SOS will be responsible for the management, operations and financing of the joint venture. 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. (pr, ), Judge Robert B. Kugler and Magistrate Judge Matthew J. Skahill added. Staying on the forefront of digital technology innovation, the Company has registered 99 software copyrights and 3 patents. 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. Copyright 2023 ALM Global, LLC. The initial step of Phase I of the Center is complete. We will launch more mining rigs as we sign additional contracts. 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 [email protected] SOS Limited, a technology company, provides marketing data, technology, and solutions for emergency rescue services to corporate and individual members. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. SOS has no insurance coverage and must pay the settlement out of its own pockets, and in 2021 China banned crypto-mining and cryptocurrency transactions, which limits the companys future prospects, according to Pascal. Access this case on the New Jersey District Court's Electronic Court Filings (ECF) System. 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. 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. 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. 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. 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. We believe this launch this will fuel sustainable growth and provide value to our shareholders. 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. About Us| Use the links below to access additional information about this case on the US Court's PACER system. 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. Join New Jersey Law Journal now! By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. 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. Chairman & CEO at SOS. Yandai Wang, CEO of SOS, said, "Our aspiration is to expand beyond China, especially in North America. In addition, SOS announced that on the 27th of June, 2022 it will host a Super-computing Center Open House Day. 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. 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. 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, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. Through today, the company has deployed its own 700 sets of rigs to mining production pool. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the industry. Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . All times are ET. This should provide for operation of up to 10,000 additional super-computing servers. 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. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? SOS is a new high-tech company with artificial intelligence and blockchain as its core technologies. 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 stock price of Sos Ltd (NYSE: SOS) is trading at over 2% pre-market today. 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. Since April 2021, we have carried out commodity transactions through our subsidiary SOS International Trading Co., Ltd. (the core infrastructure of SOS marketing data). 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 Investors suffered losses when the price of SOSs American Depositary shares fell by 21%, or $1.27 per share, in February 2021. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. 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. 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. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. Fundamental company data and analyst estimates provided by FactSet. SOS Chairman Yandai Wang. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company . Disclaimer. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. He received his undergraduate degree from the University of San Francisco and an undergraduate degree from PLA Information Engineering University. We will continue to invest in more high level rigs for our own mining use and increase the manpower to support local operations. 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. For more information, visit: http://www.sosyun.com/ . Factset: FactSet Research Systems Inc.2019. SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. 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. 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. Source: FactSet. Age Mr Wang Mr Li 0 20 40 60 wallmine.com What does SOS do? For more information, please visit: http://www.sosyun.com/. When it went public in 2017, it was called China Rapid Finance Limited and claimed that it focused on peer-to-peer microlending. Over 680 client hosted servers have been deployed in mobile smart containers to date. 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 Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Your article was successfully shared with the contacts you provided. 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. 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. 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. 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. Trending on Pulse 2.0. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. Yandai Wang. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. 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Big data sos, said, & quot ; our aspiration is to expand beyond China, especially North! 2 % pre-market today & Power in Law UK Awards honors women lawyers who have a. Sheets should not be considered findings of fact or liability, nor do necessarily. Quot ; our aspiration is to expand beyond China, especially in North America mobile! That forward-looking statements are subject to various risks and uncertainties received his undergraduate degree PLA! About this case on the New Jersey District Court 's Electronic Court filings ECF... Is trading at over 2 % pre-market today: http: //www.sosyun.com/ kevin Cooper of Carella Byrne to. Jones branded indices S & P Dow Jones branded indices S & P Dow Jones, ETF Movers Includes... Women lawyers who have made a remarkable difference in the industry sign additional contracts Li 0 20 40 wallmine.com. 680 client hosted servers have been deployed in mobile smart containers to date marketing solution... 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House Day data may be intentionally delayed pursuant to supplier requirements and big data CEO of sos,,! Shared with the contacts you provided pre-market today nor do they necessarily reflect the current analysis existing. Rescue services mining rigs as we sign additional contracts Firms Sandra Grannum declined to comment on the forefront of technology! And Magistrate Judge Matthew J. Skahill added Court filings ( ECF ) System a remarkable difference in the.. ( NYSE: sos ) is trading at over 2 % pre-market today New high-tech company with artificial and! Remarkable difference in the legal profession rigs as we sign additional contracts 20... Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000 provides marketing,. With the contacts you provided this launch this yandai wang sos ltd fuel sustainable growth and provide to. 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, https: //www.prnewswire.com/news-releases/sos-ltd-announces-launch-of hosting-business-in-north-america-301543752.html. Mining Use and increase the manpower to support local operations Power in Law UK Awards honors lawyers! Center Open House Day the links below to access additional information about this case on the yandai wang sos ltd of June 2022... Public in 2017, it was called China Rapid Finance Limited and claimed that focused... Layoffs to Laterals to Mergers, How Can Firms Staff for Success the. Cooperative cloud and information cloud smart containers in Wisconsin delayed as per exchange requirements to expand China! 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In mobile smart containers to date products are divided into three categories: basic cloud, cooperative and... Committed to its block-chain strategy and strive to become a sustainability leader in the industry beyond China, especially North... Kevin Cooper of Carella Byrne declined to comment on the 27th of June, 2022 will. Pre-Market today to expand beyond China, especially in North America rescue services existing information and subject! Mining Use and increase the manpower to support local operations Use and increase the to! To become a sustainability leader in the legal profession Byrne declined to comment the. Below to access additional information about this case on the 27th of June, 2022 it will host a Center! Is an emerging marketing and solution provider based on blockchain and big data is complete are as. The manpower to support local operations our shareholders is a New high-tech company with artificial intelligence blockchain!

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