secwatch.observer — SEC 8-K summary
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Issuer:     CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT)
CIK:        0001951667
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001104659-24-083038
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951667/000110465924083038/0001104659-24-083038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951667/000110465924083038/tm2420304d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-083038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer