Shares of SOS Limited (NYSE: SOS) tanked today, down by 12% as of 11:30 a.m. EST, after the company announced the exercise of warrants. The corporate action will be dilutive to existing investors but allow SOS to raise more capital. Certain investors have agreed to exercise warrants to purchase up to 23.9 million American depository shares (ADSes) at an exercise price of $4.05.
Former NBA guard Darius Morris has died at the age of 33. He played for five teams during his four NBA seasons. Morris played college basketball at Michigan.
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