Company: SOS
Filing Date: 2025-07-31
Form Type: 424B5
Source: 0001213900-25-069766
Chunk: 21

Company: SOS Ltd
Filing Date: 2025-07-31
Form: 424B5
Chunk 21
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 this offering, our pro forma as adjusted net tangible book
value as of December 31, 2024 would have been approximately $0.539 or approximately $80.8 per ADS. This represents an immediate decrease
in net tangible book value of $56.1 per ADS to our existing shareholders and an immediate increase in net tangible book value of $77.3
per ADS to investors participating in this offering. The following table illustrates this dilution per share to investors participating
in this offering on an actual basis, on a pro forma basis to give effect to the issuance and sale on April 9, 2025 of 222,337,500 units (the “Units”) in a private placement, each Unit consisting of
one Class A ordinary share of the Company and one warrant to purchase three Class A ordinary shares for net proceeds of approximately
$7.7 million, and on
a pro forma, as adjusted basis to give further effect to the issuance and sale of 2,142,855 ADSs at the offering price of $3.50 per ADS,
after deducting placement agent fees and expenses and estimated offering expenses payable by us:

|                                                                           |     | Actual |       |     | Pro Forma, |       |     | Pro      
 Forma,   
 adjusted |      |
|:--------------------------------------------------------------------------|:----|:-------|------:|:----|:-----------|------:|:----|:---------|-----:|
| Offering price per ADS                                                    |     | $      |   3.5 |     | $          |   5.2 |     | $        |  4.2 |
| Net tangible book value per ADS as of December 31, 2024                   |     | $      | 0.931 |     | $          | 0.539 |     | $        | 0.43 |
| Increase in net tangible book value per ADS attributable to new investors |     |        |     - |     | $          |  77.3 |     | $        | 58.6 |
| Net tangible book value per ADS after giving effect to this offering      |     |        |     - |     |            |  80.8 |     | $        | 63.8 |
| Decrease per ADS to existing investors                                    |     |        |     - |     | $          |  56.1 |     | $        | 17.0 |

The above discussion and