Enough is Enough: Takeover Time 2026 Calls on CTNT Stockholders to Prepare to Make Their Voices Heard
Activist investor Takeover Time 2026 LLC, led by Natasha Ovsepyan, publicly called on Cheetah Net (CTNT) stockholders to support a consent solicitation to replace the company's entire five-member Board, with preliminary materials already filed with the SEC. The campaign targets CTNT's 2026 record: roughly $100M+ in equity raises, two reverse splits (1-for-200 and 1-for-150), disclosed ineffective internal controls, tens of millions deployed into unsecured third-party loans, and CEO/Chairman Huan Liu's concentration of executive and voting authority — including an October 7 issuance of 100,000 fifteen-vote Class B shares to Liu days after the board challenge went public.
Key figures
- Cash june 30
- 2140000
- Atm net proceeds
- approximately $30.9 million
- Atm program size
- approximately $35.28 million
- Reverse splits 2026
- ["1-for-200 (spring 2026)","1-for-150 (September 2026)"]
- Oct class b issuance votes
- 1500000
- Private placement proceeds
- approximately $40.14 million
- Loan receivables third party
- 29950000
- Liu voting power illustrative
- 53.3%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.