CHEETAH NET SUPPLY CHAIN SERVICE INC. 8-K

What Happened
Cheetah Net Supply Chain Service Inc. (CTNT) announced on January 27, 2026 that it entered into stock purchase agreements to sell an aggregate of 33,450,000 shares of its Class A common stock for $40.14 million in a private offering. The company filed the 8-K on January 29, 2026. The Shares are being sold in an unregistered placement under Regulation S of the Securities Act.

Key Details

• Offering size: 33,450,000 Class A shares for an aggregate $40.14 million.
• Sale structure: Shares sold pursuant to Regulation S (unregistered/offshore placement); Purchasers are buying severally (not jointly).
• Closing conditions include: compliance with North Carolina corporate law (or Delaware law if the company is reincorporated following a stockholder vote scheduled for January 30, 2026) and, if required by Nasdaq rules, submitting a Listing of Additional Shares Notification Form and obtaining Nasdaq approval.
• The form of the Stock Purchase Agreement is filed as Exhibit 10.1 to the 8-K and contains customary reps, warranties and indemnities.

Why It Matters
This transaction will increase the company’s outstanding Class A shares and provide Cheetah Net with $40.14 million in proceeds (subject to closing). Because the sale is unregistered under Regulation S, the shares are part of a private placement that may limit immediate public resale. Investors should watch for the closing conditions (including the outcome of the January 30, 2026 stockholder vote on potential reincorporation and any required Nasdaq approvals), which could affect timing and the company’s share count.