other material
confidence high
sentiment neutral
materiality 0.70
Cheetah Net raises $40.14M via private placement of 33.45M shares of Class A common stock
CHEETAH NET SUPPLY CHAIN SERVICE INC.
- Issued 33,450,000 shares of Class A common stock at ~$1.20/share for gross proceeds of $40.14M.
- Offering closed February 12, 2026; purchasers are non-U.S. persons under Regulation S.
- Shares sold in unregistered transaction exempt from Registration Act requirements.
- No use of proceeds disclosed in the filing.