other material
confidence high
sentiment neutral
materiality 0.35
Cheetah Net sells 200,000 Class B shares to CEO at $2 each, raising $400k
CHEETAH NET SUPPLY CHAIN SERVICE INC.
- Issued 200,000 Class B common shares at $2.00/share to CEO Huan Liu, raising $400k.
- Class B shares carry 15 votes per share vs 1 for Class A, increasing insider voting control.
- Transaction approved by disinterested directors; shares unregistered under Regulation S/4(a)(2).
- Net proceeds used for general corporate purposes (no specific allocation disclosed).