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:   2024-10-04T23:59:59+00:00
Accession:  0001104659-24-106259
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.07, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cheetah Net shareholders approve reverse stock split (1:10 to 1:30) and amended stock plan
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- Reverse stock split authorized at ratio between 1-for-10 and 1-for-30, as determined by board of directors.
- Amended & Restated 2024 Stock Incentive Plan approved, removing automatic annual share increase; plan reserves 2.5M Class A and 500K Class B shares.
- Over 129 million Class A and B shares voted for reverse split; all Class B shares voted in favor (123.75M).
- Special meeting held September 30, 2024; voting results reported on October 4, 2024.
- Third proposal to adjourn meeting if needed also passed with approx. 129.7M votes for.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951667/000110465924106259/0001104659-24-106259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951667/000110465924106259/tm2425609d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-106259

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