SOS Shareholders OK 7 Billion-Share Boost Amid Cash Crunch
SOS Limited's shareholders have approved a significant increase in the company's authorized share pool, from 70 million to 7 billion. This move could provide SOS with more room to raise equity after it temporarily stopped direct mining and ended 2025 with just $3.2 million in cash alongside about $79.1 million in Bitcoin and Ether.
The approval creates financing capacity but does not cause dilution, unless SOS reorganizes and issues shares. The company's latest audited balance sheet showed a significant decline in cash and cash equivalents, falling from $228.131 million at Dec. 31, 2024, to $3.232 million a year later.
SOS reported a $97.3 million net loss from continuing operations for 2025, with direct cryptocurrency-mining revenue falling from $9.2 million in 2024 to zero after SOS temporarily shut that activity. The company also recorded $5.8 million of mining-equipment impairment.