secwatch.observer — SEC 8-K summary
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Issuer:     CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT)
CIK:        0001951667
Form:       8-K
Filed at:   2026-09-30T21:16:15+00:00
Accession:  0001104659-26-112407
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Cheetah Net sold ~196.85M shares under $35.28M ATM; 1-for-150 reverse split leaves 1.33M Class A outstanding
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951667/000110465926112407/0001104659-26-112407-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951667/000110465926112407/tm2626619d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-112407

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