Highest-materiality recent filing
Cheetah Net Q1 revenue down 81% to $92,700; net loss $616K; going concern doubt
Revenue from logistics/warehousing fell 80.7% YoY to $92,700; operating loss $764,319 vs $960,448 YoY.
Cheetah Net completes 1-for-200 reverse stock split effective April 20, 2026
Every 200 pre-split shares combined into 1 share; fractional shares rounded up.
Cheetah Net Supply Chain Service Inc. Agrees to Acquire Super International Trading for $4.98M
Acquires 100% of Hong Kong-based Super International Trading Limited from Leyan Yang for total cash consideration of $4.98 million.
Cheetah Net enters $100M at-the-market equity sales agreement with AC Sunshine Securities
Up to $100M of Class A common stock may be sold via ATM offering through AC Sunshine Securities.
Cheetah Net FY2025 revenue rises 183% to $1.29M; net loss expands 13% to $3.65M
Revenue from logistics/warehousing $1.29M, up 183% YoY from $456K in 2024.
Cheetah Net raises $40.14M via private placement of 33.45M shares of Class A common stock
Issued 33,450,000 shares of Class A common stock at ~$1.20/share for gross proceeds of $40.14M.
Cheetah Net raises $40.14M through Regulation S sale of 33.45M shares at $1.20 each
Aggregate of 33,450,000 shares sold at $1.20 per share for $40.14 million total proceeds.
Cheetah Net shareholders approve reverse stock split and potential dilutive convertible issuance
Elected five directors: Huan Liu, Xianggeng Huang, Xiangan Ruan, Huiping Chen, Huibo Deng to serve until 2026.
Cheetah Net Q3 2025 revenue $362K; operating loss $1.56M incl $731K impairment
Revenue $361,935 from logistics/warehousing; net loss $1.31M vs $694K loss in Q3 2024.
Cheetah Net Q2 2025 revenue $354K, +278.9% YoY; net loss $512K narrows 6.8%
Logistics/warehousing revenue $354,126, up 278.9% YoY; operating loss $780,849.
Cheetah Net discontinues parallel-import vehicle business; Q1 2025 net loss $753,909
Board approved discontinuation of parallel-import vehicle business on March 5, 2025; now focused on logistics and warehousing.
Cheetah Net posts $5.2M net loss for FY 2024; discontinues parallel-import vehicle business
Full-year 2024 total net loss of $5.2M vs net income of $0.1M in 2023.
Cheetah Net Supply Chain acquires TW & EW for $1M; closes by Dec 4, 2024
Total consideration $1M: $200k cash + 469,483 shares of CTNT common at $1.704/share.
Cheetah Net Q3 revenue plummets 99% to $61K; net loss $1.8M vs prior-year profit
Q3 2024 revenue $61,208 (logistics/warehousing only), down 99.4% from $10.0M; no parallel-import vehicle revenue.
Cheetah Net shareholders approve reverse stock split (1:10 to 1:30) and amended stock plan
Reverse stock split authorized at ratio between 1-for-10 and 1-for-30, as determined by board of directors.
CFO Robert Cook resigns; CEO Huan Liu named interim CFO effective Aug 30, 2024
Robert Cook resigned as CFO effective August 30, 2024, citing personal reasons; no disagreement with company.
Cheetah Net Q2 revenue plunges 98% to $0.3M; net loss of $0.6M vs prior-year profit
Revenue fell to $0.3M from $12.2M YoY; only 1 vehicle sold vs 93 in Q2 2023.
Cheetah Net closes $1.49M follow-on offering of 6.48M shares at $0.23 per share
Offering of 6,479,663 shares of Class A common stock at $0.23/share for gross proceeds of $1.49M.
Received Nasdaq notice on July 11, 2024; closing bid price below $1.00 for 30 consecutive business days.
Director Vladimir Gavrilovic not re-elected, replaced by Huibo Deng as director and audit committee chair effective July 2, 2024.
Cheetah Net Q1 revenue plunges 86% to $1.4M; net loss widens to $0.6M
Vehicle sales fell to 13 units from 82 YoY; revenue dropped 86% to $1.4M from $10.2M.
Cheetah Net reports Q1 2024 vehicle sales drop 84% YoY to 13 units; revenue falls to $1.4M
Q1 2024 sold 13 vehicles vs 49 in Q4 2023 and 82 in Q1 2023; vehicle sales revenue $1.4M vs $10.2M YoY.
On February 18, 2025, the board of directors (the “Board”) of Cheetah Net Supply Chain Service Inc. (the “Company”), a North Carolina corporation, appointed Ms. Cindy Tang as the Chief Financial Officer of the Company.
The information set forth above in Item 1.01 of this Current Report on Form 8-K regarding Mr. Folker’s resignation is incorporated into this Item 5.02 by reference.
the Company issued a press release announcing Mr. Cook’s resignation.
Pursuant to the results of the Annual Meeting, Mr. Huibo Deng, a director nominee nominated by the Board, assumed the roles of director of the Company and chair of the audit committee of the Board, effective July 2, 2024.
Consequently, Mr. Gavrilovic ceased to be a director of the Company and a member of any committee of the Board, effective July 2, 2024.
Max materiality 0.85 · Median 0.62 · Most common event other_material