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SOS shareholders approve 100-fold expansion of authorized share pool

SOS ended 2025 with $3.2 million in cash and reported a 2025 net loss of $97.3 million, leaving liquidity and potential dilution tied to next reorganization and charter steps.

Reported · Written up by our desk · Market Structure

SOS Limited shareholders approved steps that could dramatically expand the company’s authorized share pool by about 100 times, creating more room for future equity financing after it temporarily stopped direct crypto mining, according to CryptoSlate.

The July 27 vote, disclosed July 30, is described as providing capacity rather than immediate issuance of stock. CryptoSlate reported that any actual dilution would require SOS to complete a required reorganization and charter process, then issue shares under terms the company has not disclosed.

Financially, SOS reported that cash and cash equivalents fell from $228.1 million at Dec. 31, 2024, to $3.2 million a year later. It also reported holdings of 802 Bitcoin valued at about $70.3 million and 2,949 Ethereum valued at about $8.8 million, plus a $97.3 million net loss from continuing operations in 2025.

Under the proposed changes, CryptoSlate said authorized shares could rise from 70 million to 7 billion, adding 5.94 billion additional Class A shares and 990 million additional Class B shares. Shareholders also gave the board authority to implement one or more share consolidations, starting at 1-for-2 and capped at an aggregate cumulative ratio of 1-for-20.

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