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:   2026-10-09T20:05:19+00:00
Accession:  0001104659-26-115037
Event type: other_material
Sentiment:  neutral
Materiality: 0.28
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Cheetah Net CEO Huan Liu buys 100,000 Class B shares at $3.30 in $330,000 related-party placement
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- CEO, Chairman and Interim CFO Huan Liu purchased 100,000 Class B shares at $3.30 per share for aggregate gross proceeds of $330,000; the transaction closed October 9, 2026.
- Class B common stock carries 15 votes per share versus 1 vote for Class A, so the issuance increases Liu's voting influence at Cheetah Net.
- Board approved the deal as a related-party transaction through a committee of disinterested directors; shares were sold as restricted securities without general solicitation.
- Purchase price could not be less than the Nasdaq Minimum Price (Listing Rule 5635(d)) or the consolidated closing bid of Class A stock before signing (Rule 5635(c)), absent stockholder approval.
- Agreement notes a 1-for-150 reverse stock split of the company's Class A and Class B stock, market effective September 28, 2026; deal terms are stated post-split.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1951667/000110465926115037/0001104659-26-115037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1951667/000110465926115037/tm2627380d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-115037

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