Why did SOS Limited's stock price plummet 55%?

SOS Limited's stock price plummeted by 54.5% on July 31, 2025, which can be attributed to the following factors:

1. **Registered Direct Offering**: The company announced a registered direct offering and concurrent private placement to raise approximately $7.5 million. Such a significant financing move can lead to a dilution of existing shares and can be perceived negatively by the market, as it might indicate the company's urgency for capital and could put downward pressure on the stock price.
2. **Warrants Issuance**: SOS will issue unregistered warrants to purchase up to 4,285,710 ADSs in a private placement. The issuance of warrants can lead to additional dilution and can create uncertainty around the company's future capital structure, which might be viewed negatively by investors.

In conclusion, SOS Limited's stock price plummeted due to a combination of factors including registered direct offering and warrants issuance.

|code|Ticker|Name|Date|Percentage Change|market_code|
|---|---|---|---|---|---|
|SOS|SOS.N|SOS|20250728|-3.5562|169|
|SOS|SOS.N|SOS|20250729|-11.5044|169|
|SOS|SOS.N|SOS|20250730|-54.5|169|
|SOS|SOS.N|SOS|20250731|-7.326|169|
|SOS|SOS.N|SOS|20250801|-2.3715|169|
|SOS|SOS.N|SOS|20250802|-2.371541501976269|169|