Cheetah Net raises $40.14M through Regulation S sale of 33.45M shares at $1.20 each

CHEETAH NET SUPPLY CHAIN SERVICE INC.

Aggregate of 33,450,000 shares sold at $1.20 per share for $40.14 million total proceeds.
Shares issued under Regulation S to non-U.S. persons; no registration under Securities Act required.
Closing subject to compliance with North Carolina (or Delaware after reincorporation) corporate law and Nasdaq approval.
Beneficial ownership limitation of 9.99% of outstanding shares per purchaser.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CHEETAH NET SUPPLY CHAIN SERVICE INC. entered into SPAs with certain investors (the "Purchasers") valued at $40.14 million (effective 2026-01-27).

Action: entry
Agreement: equity purchase
Counterparty: certain investors (the "Purchasers")
Value: $40.14 million
Effective: 2026-01-27

Exact text from the filing

On January 27, 2026, Cheetah Net Supply Chain Service Inc. (the “ Company ”) entered into certain stock purchase agreements (the “ SPAs ”) with certain investors (the “ Purchasers ”), pursuant to which the Company agreed to sell, and the Purchasers agreed to purchase, severally and not jointly, an aggregate of 33,450,000 shares of Class A common stock, par value $0.0001 per share, of the Company (the “ Shares ”) in an aggregate amount of $40.14 million (the “ Offering ”).

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CHEETAH NET SUPPLY CHAIN SERVICE INC. filing history →

Source: SEC EDGAR

accession 0001104659-26-007972

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