The encryption service provider SOS Limited announced a share placement to raise $7.5 million.

Golden Finance reports that SOS Limited, a crypto service provider listed on the New York Stock Exchange, announced that it will trade 2,142,855 shares of American Depositary Shares through a direct issuance method and has also agreed to issue and sell unregistered warrants, aiming to raise a total of $7.5 million. SOS Limited's current business scope includes crypto mining, and the new funds will support its expansion into the crypto security field.