Cheetah Net closes $1.49M follow-on offering of 6.48M shares at $0.23 per share

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Offering of 6,479,663 shares of Class A common stock at $0.23/share for gross proceeds of $1.49M.
Placement agent FT Global Capital receives 7.25% cash fee plus up to $90,000 expense reimbursement.
Investors granted pro-rata participation right in future equity financings up to 30% for 4 months.
Lock-up agreements from directors, officers, and 5%+ holders for 90 days post-prospectus.
Net proceeds to be used for working capital and general corporate purposes.

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