Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 100

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 100
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 two-tiered bid for the
target in which all shareholders would not be treated equally. The statute does not apply if, among other things, prior to the date on
which such shareholder becomes an interested shareholder, the board of directors approves either the business combination or the transaction
that resulted in the person becoming an interested shareholder. This encourages any potential acquirer of a Delaware corporation to negotiate
the terms of any acquisition transaction with the target’s board of directors.

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Cayman Islands law has no comparable statute.
As a result, we cannot avail ourselves of the types of protections afforded by the Delaware business combination statute. However, although
Cayman Islands law does not regulate transactions between a company and its significant shareholders, the directors of our Company are
required to comply with fiduciary duties, which they owe to our Company under Cayman Islands laws, including the duty to ensure that,
in their opinion, any such transactions must be entered into bona fide in the best interests of the company and not with the effect of
constituting a fraud on the minority shareholders.

Restructuring.

A company may present a petition to the Grand
Court of the Cayman Islands for the appointment of a restructuring officer on the grounds that the company:

(a) is or is likely to become unable to pay its
debts; and

(b) intends to present a compromise or arrangement
to its creditors (or classes thereof) either pursuant to the Companies Act, the law of a foreign country or by way of a consensual restructuring.

The Grand Court may, among other things, make
an order appointing a restructuring officer upon hearing of such petition, with such powers and to carry out such functions as the court
may order. At any time (i) after the presentation of a petition for the appointment of a restructuring officer but before an order for
the appointment of a restructuring officer has been made, and (ii) when an order for the appointment of a restructuring officer is made,
until such order has been discharged, no suit, action or other proceedings (other than criminal proceedings) shall be proceeded with or
commenced against the company, no resolution to wind up the company shall be passed, and no winding up petition may be presented against
the company, except with the leave of the court. However, notwithstanding the presentation of a petition for the appointment of a restructuring
officer or the appointment of a restructuring officer, a creditor who has security over the whole or part of the