$1.546
-0.062 (-3.98%)At close
CTNT News
CTNT Events
Cheetah Net Supply Chain Opposes Board Replacement Proposal
Cheetah Net Supply Chain Service announced that it acknowledges the revised preliminary consent solicitation statement filed by Takeover Time 2026 seeking to remove and replace the company's board of directors. The company is reviewing the implications of the proposed board replacement, including the potential effects on management oversight, ongoing contractual commitments, financing arrangements and strategic initiatives. The company intends to file a preliminary consent revocation statement with the SEC, together with an accompanying WHITE consent revocation card, in opposition to the solicitation.
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% Membership Interests of JoyPak for $788,000
Cheetah Net Supply Chain Service announced that it has entered into a membership interest purchase agreement to acquire 100% of the membership interests of JoyPak Supply from a Delaware limited liability company and a Texas limited liability company. The aggregate purchase price for the acquisition is $788,000, which will be paid in cash. The closing of the acquisition is expected to occur within four weeks of the execution of the agreement, subject to the completion of the company's due diligence review and other closing conditions. Following the completion of the acquisition, JoyPak will become a wholly owned subsidiary of the company.
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
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