SOS Shareholders Approve 7 Billion Authorized Shares

SOS Limited shareholders voted on July 27 to increase the company’s authorized share count from 70 million to 7 billion, a move the company disclosed on July 30. The vote creates capacity for future equity financings but does not itself issue stock or cause dilution.

If implemented, the change would add 5.94 billion Class A shares and 990 million Class B shares to the authorized capital. Any actual issuance would require SOS to complete a reorganization and amend its charter, and the company has not disclosed terms or recipients for any future share sales.

SOS’s audited balance sheet for the year ended Dec. 31, 2025, showed cash and cash equivalents of $3.232 million, down from $228.131 million a year earlier. The filing listed 802 Bitcoin valued at about $70.3 million and 2,949 Ethereum valued at about $8.8 million. The company reported a $97.3 million net loss from continuing operations for 2025. Direct cryptocurrency-mining revenue fell to zero after SOS temporarily suspended mining activity. Hosting-service revenue for the year totaled $7.5 million, and the company recorded $5.8 million in mining-equipment impairment.

Shareholders also authorized the board, for up to two years, to implement one or more reverse share consolidations. The board may begin consolidations at a ratio of 1-for-2 and is capped at an aggregate cumulative ratio of 1-for-20. The board has discretion over whether to use that authority and how to structure any consolidation.

A discrepancy in the company’s public filings showed the reported outstanding Class B share count rising by exactly 2 million between the May 15 annual report and the July 13 record date, while the Class A count remained unchanged. Because Class A shares do not convert into Class B shares and transfers between shareholders would not change outstanding totals, the increase points to an allotment of new Class B shares. SOS filed no transaction-specific disclosure identifying a recipient, consideration or purpose for those additional shares.

The authorized-capital increase does not change outstanding shares without further action by the company. Future filings will be required to show any post-year-end changes in cash, digital-asset holdings and whether the enlarged authorized share pool is used for financing, acquisitions, compensation or other transactions.