---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-061898"
form_type: "8-K"
ticker: "CTNT"
cik: "0001951667"
company_name: "CHEETAH NET SUPPLY CHAIN SERVICE INC."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:42:33.133433+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cheetah Net closes $8.19M follow-on offering of 13.21M shares at $0.62/sh

## Summary
- Priced 13,210,000 shares of Class A common stock at $0.62 per share for gross proceeds of $8.19 million.
- Offering closed on May 15, 2024; AC Sunshine Securities acted as exclusive placement agent.
- Net proceeds to fund working capital and develop warehousing/logistics services.
- Placement agent fee was 3.5% of gross proceeds; shares offered under effective S-1 registration.

## SEC filing metadata
- accession: 0001104659-24-061898
- form_type: 8-K
- ticker: CTNT
- cik: 0001951667
- company_name: CHEETAH NET SUPPLY CHAIN SERVICE INC.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1951667/000110465924061898/0001104659-24-061898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1951667/000110465924061898/tm2414564d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-061898
- JSON: https://secwatch.observer/filing/0001104659-24-061898.json
- Plain text: https://secwatch.observer/filing/0001104659-24-061898.txt

## Key facts
- Material Agreements
  CHEETAH NET SUPPLY CHAIN SERVICE INC. entered into Placement Agency Agreement with AC Sunshine Securities LLC valued at approximately $8.19 million (effective 2024-05-14).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: AC Sunshine Securities LLC
  - Value: approximately $8.19 million
  - Effective: 2024-05-14
  source text: On May 14, 2024, Cheetah Net Supply Chain Service Inc. (the “Company”) entered into a placement agency agreement (the “Placement Agency Agreement”) with AC Sunshine Securities LLC, the Company’s exclusive placement agent (the “Placement Agent”), on a best efforts basis, relating to the Company’s public offering (the “Offering”) of 13,210,000 shares of Class A common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1951667/000110465924061898/0001104659-24-061898-index.htm
- Material Agreements
  CHEETAH NET SUPPLY CHAIN SERVICE INC. entered into Purchase Agreement with purchasers identified therein (the “Purchasers”) (effective 2024-05-14).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: purchasers identified therein (the “Purchasers”)
  - Effective: 2024-05-14
  source text: On the same day, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with purchasers identified therein (the “Purchasers”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1951667/000110465924061898/0001104659-24-061898-index.htm

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