Cheetah Net reports ATM share sales and reverse split details

Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) disclosed on September 30, 2026, the completion of a 1-for-150 reverse stock split and the total volume of shares sold under its at-the-market offering program. The company, headquartered in Irvine, California, filed a Form 8-K with the U.S. Securities and Exchange Commission to update investors on these recent capital structure changes.

The filing confirms that the reverse stock split of Class A and Class B common stock became market effective on September 28, 2026. This adjustment was previously announced in a separate Form 8-K filed on September 23, 2026. Following the split and the treatment of fractional shares, Cheetah Net reports that its post-split equity structure consists of roughly 1.33 million Class A shares and about 1,358 Class B shares.

These figures reflect a significant reduction in share count relative to the pre-split period. As of September 25, 2026, the company stated it had sold an aggregate of approximately 196,850,000 shares of Class A Common Stock under its at-the-market offering. This sales activity occurred prior to the reverse split taking effect. The offering was established through a sales agreement dated August 21, 2026, with Pacific Century Securities, LLC serving as the sales agent.

The at-the-market offering allows the company to offer and sell shares of Class A common stock from time to time. The agreement specifies an aggregate offering price of up to $35,280,213.01. This program was originally disclosed in a Form 8-K filed with the SEC on August 26, 2026. The company's Class A common stock trades on The Nasdaq Stock Market LLC.

Huan Liu, who serves as Chief Executive Officer, Interim Chief Financial Officer, Director, and Chairman of the Board of Directors for Cheetah Net, signed the report on behalf of the registrant. The filing identifies the company as an emerging growth company under Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Securities Exchange Act of 1934. Cheetah Net is incorporated in Delaware and holds Commission File Number 001-41761.