SOS Hydration, Inc. plans $8 million IPO for April 22 (SOSH)
SOS Hydration, Inc. (SOSH) plans to raise $8 million in an initial public offering (IPO) on Friday, April 22, IPO Scoop reports. The company will issue 1,400,000 shares at a price of $4.50 to $6.50 per share.
SOS Hydration, Inc. has a market cap of $38.7 million.
Maxim Group served as an underwriter for the IPO.
SOS Hydration, Inc. provided the following company description for its IPO: “(Note: This IPO is a unit offering. IPOScoop has NO calls on unit IPOs. Excerpt of the prospectus: “We have applied to list our common stock and warrants on the Nasdaq Capital Market (“NASDAQ”) under the symbols “SOSH” and “SOSHW”.”) SOS Hydration, Inc. was founded by a veteran, a doctor and a former professional athlete, who were motivated by their desire for a hydrating product that could be absorbed quickly and had less sugar than the products that were available to them. electrolytes in the hydration drink category which provides products with less sugar than traditional sports drinks such as Gatorade.Our products include SOS Hydration liquids and powders, as well as our children’s brand. nts PAW Patrol. (Incorporated in Nevada) SOS specializes in providing electrolyte-enriched products to consumers and organizations worldwide. The founders used the basic formula developed by the World Health Organization (the “WHO”), called Oral Rehydration Solution, but reduced sugar, added balanced electrolytes for active lifestyles (e.g. , chloride is the second most lost electrolyte in perspiration) then added minerals zinc and magnesium. The product, with its low sugar content but high electrolyte concentration, activates the sodium-glucose cotransport system, which is the body’s mechanism for transporting water and electrolytes into its cells. SOS started in retail with a six-store test at Kroger. Consumers can purchase our products through e-commerce channels, including company websites, and at approximately 12,000 physical retail stores, including Walmart, CVS, Kroger (and its subsidiaries), Whole Foods and other outlets. **Note: For the year ended December 31, 2021, our revenue was $3.72 million and our net loss was $7.09 million. “.
SOS Hydration, Inc. was founded in 2013 and has 17 employees. The company is located at 4822 Sterling Drive Boulder, CO 80301 and can be reached by phone at (303) 834-9170 or on the web at http://www.soshydration.com/.
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