other material
confidence high
sentiment negative
materiality 0.65
Cheetah Net sold ~196.85M shares under $35.28M ATM; 1-for-150 reverse split leaves 1.33M Class A outstanding
CHEETAH NET SUPPLY CHAIN SERVICE INC.
- Company sold approximately 196,850,000 Class A shares under its ATM offering as of September 25, 2026, out of a maximum $35,280,213.01 aggregate offering price.
- Sales agreement is with Pacific Century Securities, LLC as sales agent, per the 8-K filed August 26, 2026.
- A 1-for-150 reverse split of both Class A and Class B common stock became market effective September 28, 2026.
- Post-split shares outstanding are approximately 1,332,087 Class A and 1,358 Class B, after adjustment for fractional shares.
- The ATM shares sold equate to roughly 1.31M post-split Class A shares, the large majority of the current Class A count.