Cheetah Net Supply Chain Service 1-for-16 reverse stock split effective Oct 21, 2024

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Reverse stock split at 1-for-16 ratio became effective at 9:00 a.m. ET on October 21, 2024.
Stockholders approved the reverse split range (1-for-10 to 1-for-30) at a special meeting on September 30, 2024; Board selected 1-for-16 on October 7, 2024.
No fractional shares issued; any fractional shares rounded up to the nearest whole share.
Class A common stock expected to begin trading on a split-adjusted basis on October 24, 2024, with new CUSIP 16307X202.
Proportionate adjustments made to the Amended and Restated 2024 Stock Incentive Plan, including shares available and exercise prices.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CHEETAH NET SUPPLY CHAIN SERVICE INC.: Filed Fourth Amended and Restated Articles of Incorporation to effect a 1-for-16 reverse stock split (effective 2024-10-21).

Change: charter amendment
Effective: 2024-10-21

Exact text from the filing

The Reverse Stock Split took effect at 9:00 a.m., Eastern Time, on October 21, 2024 (the “Effective Time”). To implement the Reverse Stock Split, the Company filed its Fourth Amended and Restated Articles of Incorporation with the Secretary of State of North Carolina on October 8, 2024.

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CHEETAH NET SUPPLY CHAIN SERVICE INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-110092

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