Cheetah Net Supply Chain Service Inc (CTNT) News & EventsCTNTNews & EventsCheetah Net Supply Chain Service Inc

Company Reports Q1 Revenue of $92.7K, Down from $479.8M Last Year

Reports Q1 revenue $92.7K vs. $479.8M last year. CEO Tony Liu commented: "During Q1 of 2026, our logistics and warehousing business continued to face pressure uncertainty in global trade, which affected cross-border logistics demand and customer activity. In response, we remained focused on cost discipline, operational efficiency, and preserving financial flexibility, while continuing to evaluate ways to reposition the company for long-term growth. During the quarter, we took important steps to strengthen our capital base and streamline our business structure. We completed a private placement financing transaction, which will help us fund certain future strategic initiatives. We will continue to streamline our logistics and warehousing business to better allocate resources toward higher-priority opportunities and enhance the Company's overall operating structure. We also completed an ATM financing in April and entered into a Share Transfer Agreement to acquire 100% equity interest in a Hong Kong-based company that is engaged in the trading of large-scale industrial equipment and target to close the deal in May. We believe this acquisition will create international opportunities to expand our business platform and support the Company's long-term growth strategy."

Cheetah Net Supply Chain Service Inc Trading Halted, News Pending

Cheetah Net Supply Chain Service Inc trading halted, news pending

Cheetah Net Supply Chain Service Acquires 100% Equity of Super International Trading

Cheetah Net Supply Chain Service announced that it has entered into a Share Transfer Agreement to acquire 100% of the equity interests of Super International Trading, a limited liability company incorporated under the laws of Hong Kong, primarily engaged in the trading of large-scale industrial equipment, from a non-U.S. individual. The Company believes that Super International has an established presence in the industrial equipment trading sector, supported by supplier relationships and a diversified customer base, which may provide a solid foundation for continued growth and operational scalability. The aggregate purchase price for the Acquisition is approximately $4.98 million, which will be paid in cash. The closing of the Acquisition is expected to occur within three months of the execution of the Agreement, subject to customary closing conditions