CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT) Form 8-K — Aug 26, 2026
On August 21, 2026, Cheetah Net Supply Chain Service Inc. (CTNT) entered into a sales agreement with Pacific Century Securities, LLC establishing an at-the-market equity program of up to $35,280,213.01 of its Class A common stock, disclosed under Item 1.01 of an 8-K filed August 26, 2026. Sales may be made from time to time on the Nasdaq Capital Market at prevailing prices under an ATM prospectus supplement filed August 24, 2026, off the company's effective Form S-3 shelf (No. 333-281820).
Key figures
- Par value
- $0.0001 per share
- Refresh expense cap
- $10,000 per program update/refresh
- Non affiliate shares
- 36032400
- Reference share price
- 2.09
- Sales agent commission
- 3.0% of aggregate gross proceeds per sale
- Engagement letter payment
- $50,000 paid at execution (August 4, 2026); remaining $50,000 due upon closing of first placement
- Annual maintenance expense cap
- $14,000 per fiscal year (max $5,000 per Representation Date)
- Non affiliate float market value
- $75,307,716
- Initial expense reimbursement cap
- $100,000
Price after filing
Close on the filing date to close N calendar days later (from $1.51). Historical, not a forecast.
AI analysis
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