SOS Hydration, Inc. - IPOScoop

SOS Hydration, Inc. increased its unit IPO's size to 1.82 million units, up from 1.59 million units, and kept the price range at $4.50 to $6.50, to raise $10.01 ... Home SCOOPRatingsDefinition TrackRecord OurServices HowToSubscribe AboutUs ContactUs LogIn SOSHydration,Inc. Print GeneralInformation Business: (Note:ThisIPOisaunitoffering.IPOScoophasNOCallonunitIPOs.Eachunitconsistsofoneshareofcommonstockandonewarranttobuyoneshareofcommonstock.ThecompanyhasappliedtolistitsstockandwarrantsontheNASDAQundertheproposedsymbol“SOSH”forthestockandtheproposedsymbol“SOSHW”forthewarrants.) SOSHydration,Inc.wasfoundedbyaveteran,aphysicianandaformerprofessionaltrackathlete,whoweredrivenbytheirdesireforahydrationproductthatcouldabsorbquicklyandhadlesssugaravailableproducts.SOSisanelectrolytereplacementdrinkinthehydrationdrinkcategorythatprovidesproductswithlesssugarthantraditionalsportsdrinkssuchasGatorade.Ourproductsinclude SOSHydrationliquidsandpowdersaswellasourPAWPatrolkids’brand.(IncorporatedinNevada) SOSspecializesinprovidingelectrolyte-enhancedproductstoconsumersandorganizationsworldwide.ThefoundersusedthebaselineformulathattheWorldHealthOrganization(the“WHO”)developed,calledanoralrehydrationsolution,butloweredthesugar,addedelectrolytesthatarebalancedforactivelifestyles(e.g.,chlorideistheelectrolytethatisthesecond-mostlostinperspiration)andthenaddedthemineralszincandmagnesium.Theproduct,withitslowsugarbuthighelectrolyteconcentration,activatesthesodiumglucosecotransportsystem,whichisthebody’smechanismfortransportingwaterandelectrolytesintoitscells. SOSbeganinretailwithasix-storetestinKroger.Consumerscanpurchaseourproductsthroughe-commercechannels,includingthecompany’sownwebsites,andatapproximately12,000brick-and-mortarretailstores,includingWalmart,CVS,Kroger(anditssubsidiaries),WholeFoodsandotherretaillocations. **Note:FortheyearendedDec.31,2021,ourrevenuewas$3.72million,andournetlosswas$7.09million. (Note:TheStreethearsthepricingofSOSHydration’sIPOis“daytoday”fortheweekofMay9,2022.SOSHydration,Inc.increaseditsunitIPO’ssizeto1.82millionunits,upfrom1.59millionunits,andkeptthepricerangeat$4.50to$6.50,toraise$10.01million,accordingtoanS-1/AfilinglateonFriday,April22,2022;thiswasthedeal’ssecondincreaseinsizeinApril,SECfilingsshowed.Theinitialsizewas1.36millionunits.) Industry: Beverages Employees: 17 Founded: 2013 ContactInformation Address 4822SterlingDriveBoulder,CO80301 PhoneNumber (303)834-9170 WebAddress http://www.soshydration.com/ ViewProspectus: SOSHydration,Inc. FinancialInformation MarketCap $39.93mil Revenues $3.72mil(last12months) NetIncome $-7.09mil(last12months) IPOProfile Symbol SOSH Exchange NASDAQ Shares(millions): 1.8 Pricerange $4.50-$6.50 Est.$Volume $10.0mil Manager/JointManagers MaximGroup CO-Managers - ExpectedToTrade: 5/10/2022 Day: Day-to-Day QuietPeriodExpirationDate: AvailableonlytoSubscribers Lock-UpPeriodExpirationDate: AvailableonlytoSubscribers SCOOPRating AvailableonlytoSubscribers RatingChange AvailableonlytoSubscribers