SOS Ltd. Announces Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price

Core Viewpoint - SOS Limited has received a notification from the New York Stock Exchange indicating that it is below compliance standards due to the trading price of its American depositary shares (ADSs) being below $1.00 [1][2]. Compliance and Trading Standards - According to NYSE rule 802.01C, a company is considered non-compliant if the average closing price of its security is less than $1.00 over a consecutive 30 trading-day period [2]. - The company has a six-month cure period to bring its share price back above $1.00, with the possibility of regaining compliance at any time during this period if it meets the required price thresholds [2]. Current Listing Status - The notice from the NYSE does not have an immediate impact on the listing of the company's ADSs, which will continue to be traded on the NYSE during the cure period, provided that other listing requirements are met [3]. Company Overview - SOS Limited is engaged in blockchain and cryptocurrency operations, including cryptocurrency mining, and has expanded into commodity trading since April 2021 through its subsidiary SOS International Trading Co. Ltd [4]. - The major commodities traded include mineral resin, soybeans, wheat, sesame, liquid sulfur, petrol coke, and latex [4].