---
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"
generated_at: "2026-06-06T07:21:50.685756+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cheetah Net closes $1.5M acquisition of Edward Transit Express; pays $300K cash + 1.27M shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-011410
- JSON: https://secwatch.observer/filing/0001104659-24-011410.json
- Plain text: https://secwatch.observer/filing/0001104659-24-011410.txt

## Key facts
- M&A Transactions
  CHEETAH NET SUPPLY CHAIN SERVICE INC. completed an acquisition involving Edward Transit Express Group Inc. for $1.5 million (closed 2024-02-02).
  - Action: acquisition
  - Counterparty: Edward Transit Express Group Inc.
  - Consideration: $1.5 million
  - Closing: 2024-02-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1951667/000110465924011410/0001104659-24-011410-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.