SOS International Ltd. entered into a letter of intent to acquire STG Group Holdings, Inc. from STG Group, Inc. (OTCPK:STGG) for $83 million on April 9, 2018. SOS International Ltd. entered into a stock purchase agreement to acquire all of the issued and outstanding stock of STG Group Holdings, Inc. from STG Group, Inc. on April 11, 2018. The transaction has been approved by the Board of STG Group Holdings on April 9, 2018. Proceeds of the transaction were used to pay transaction expenses, and to repay substantially all of the $80.1 million of outstanding principal, interest and fees owed to the lenders under the credit agreement. Cowen acted as financial advisor to SOS International Ltd. Raymond James & Associates, Inc. acted as financial advisor to STG Group Holdings. SOS International Ltd. completed the acquisition of STG Group Holdings, Inc. from STG Group, Inc. (OTCPK:STGG) on April 11, 2018.