other material
confidence high
sentiment neutral
materiality 0.50
Cheetah Net enters ATM sales agreement to sell up to $35.28M of Class A common stock
CHEETAH NET SUPPLY CHAIN SERVICE INC.
- Entered sales agreement with Pacific Century Securities on Aug 21, 2026 for at-the-market offering of up to $35,280,213.01 of Class A common stock.
- Sales agent commission 3.0% of gross proceeds; company reimburses up to $100k initial, $14k/yr, $10k per update.
- Offering under existing S-3 registration statement (333-281820) effective Sept 6, 2024; prospectus supplement filed Aug 24, 2026.
- Company not obligated to sell any shares; sales at its discretion via placement notices.