SOS Ltd. Enters Non-Binding Letter Of Intent To Acquire Majority Equity Interest Of Three US-Based Power Plants To Expand Crypto-mining Operations Into North America; Financial Terms Not Disclosed
SOS Ltd. Enters Non-Binding Letter Of Intent To Acquire Majority Equity Interest Of Three US-Based Power Plants To Expand Crypto-mining Operations Into North America; Financial Terms Not Disclosed
SOS Limited (NYSE: SOS) (the "Company" or "SOS") an emerging blockchain-based and big data-driven marketing solution provider, announced today that SOS Information Technology New York, Inc., a wholly owned subsidiary of the Company, has entered into a non-binding letter of intent ("LOI") to acquire the majority of the equity interests of each of three US-based power plants for its planned crypto-mining operations in North America.
SOS有限公司(紐約證券交易所股票代碼：SOS)(以下簡稱“SOS”)是一家新興的基於區塊鏈和大數據驅動的營銷解決方案提供商。該公司今天宣佈，該公司的全資子公司SOS Information Technology New York，Inc.已經簽署了一份不具約束力的意向書(“意向書”)，收購三家美國發電廠的大部分股權，用於其計劃在北美開展的密碼開採業務。
Pursuant to the terms of the LOI, the Company intends to acquire more than 51% of the membership interests of Sherman Development LLC, Niagara Development LLC and Park Falls Management LLC. Sherman Development LLC's recycling power plant in Stacyville, ME has claimed a capacity of 24 MW, Niagara Development LLC's hydropower power plant in Niagara, WI has a claimed capacity of 9 MW, and Park Falls Management LLC's natural gas power plant in Park Falls, WI has a claimed capacity of 20 MW.
根據意向書的條款，本公司打算收購Sherman Development LLC、Niagara Development LLC和Park Falls Management LLC超過51%的會員權益。謝爾曼發展有限公司(Sherman Development LLC)位於緬因州斯塔西維爾(Stacyville)的循環發電廠聲稱裝機容量為24兆瓦，尼亞加拉發展有限公司(Niagara Development LLC)位於威斯康星州尼亞加拉(Niagara)的水電站聲稱裝機容量為9兆瓦，公園瀑布管理公司(Park Falls Management LLC)位於威斯康星州帕克福爾斯(Park Falls)的天然氣發電廠聲稱裝機容量為20兆瓦。
As the transaction proceeds, the Company will publicly disclose additional information through press releases or SEC filings, as appropriate.
隨着交易的進行，該公司將視情況通過新聞稿或證券交易委員會文件公開披露更多信息。
Once the Company completes a feasibility study and earnings analysis and receives board approval, it intends to build a US digital mining site to host SOS mining operations and potentially other miners. If and when the site operations get underway, the Company anticipates it will create significant jobs opportunities in the US.
一旦該公司完成可行性研究和收益分析，並獲得董事會的批准，它打算建立一個美國數字採礦網站，以容納SOS採礦業務和潛在的其他礦商。如果該網站開始運營，該公司預計將在美國創造大量就業機會。
SOS Chairman Yandai Wang commented, "We have been looking for investment opportunities in the United States. The acquisition of this power plant is the first step for SOS to officially enter the American market. We will continue to increase the investment and construction of cryptocurrency computing center in the United States, and devote ourselves to bring better performance to the company."
SOS董事長王彥代評論稱，“我們一直在美國尋找投資機會.收購這座發電廠是SOS正式進軍美國市場的第一步.我們將繼續加大在美國的加密貨幣計算中心的投資和建設，並致力於為公司帶來更好的業績.”
Completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive purchase agreement, satisfaction of the conditions negotiated therein including the approval of the Company's board of directors, approval by the New York Stock Exchange of the issuance of shares to be issued in connection with the acquisition, and the satisfaction of other additional customary closing conditions.
交易的完成取決於相關各方的盡職調查、最終購買協議的談判和執行、其中談判的條件(包括本公司董事會的批准)、紐約證券交易所(New York Stock Exchange)批准發行與收購相關的股票，以及其他額外慣例成交條件的滿足。