{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-011410","form_type":"8-K","ticker":"CTNT","cik":"0001951667","company_name":"CHEETAH NET SUPPLY CHAIN SERVICE INC.","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.365093+00:00","generated_at":"2026-06-06T07:21:50.685756+00:00","sec_items":["2.01","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Cheetah Net closes $1.5M acquisition of Edward Transit Express; pays $300K cash + 1.27M shares","bullets":["Total consideration $1.5M: $300K cash + 1,272,329 unregistered Class A common shares valued at $1.2M.","Edward is a California-based NVOCC offering ocean/air transportation; will operate as wholly owned subsidiary.","Edward reported 2022 revenue of $0.48M; Cheetah estimates 2023 revenue between $0.5M and $0.53M.","Cheetah used Edward's services in 2023 contributing ~$0.25M; expects reduced operating costs and new revenue streams.","Franky Zhang, current Edward GM, will become CEO of the subsidiary."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-011410","json":"https://secwatch.observer/filing/0001104659-24-011410.json","markdown":"https://secwatch.observer/filing/0001104659-24-011410.md","text":"https://secwatch.observer/filing/0001104659-24-011410.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924011410/0001104659-24-011410-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924011410/tm245390d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T07:21:50.685756+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cfa3415fb5454fac0f1152f090444ad47be4e60c","claim":"CHEETAH NET SUPPLY CHAIN SERVICE INC. completed an acquisition involving Edward Transit Express Group Inc. for $1.5 million (closed 2024-02-02).","evidence_excerpt":"transaction costs, creating new revenue streams, and becoming a one-stop-shop for traders within the global supply chain sector.” Total consideration for the Acquisition was $1.5 million. The Company paid Edward’s sole shareholder $300,000 in cash and issued 1,272,329 shares of the Company’s unregistered Class A common stock having a market value of $1.2 million.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924011410/0001104659-24-011410-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Edward Transit Express Group Inc."},{"label":"Consideration","value":"$1.5 million"},{"label":"Closing","value":"2024-02-02"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}