CHEETAH NET SUPPLY CHAIN SERVICE INC. 8-K

What Happened
Cheetah Net Supply Chain Service Inc. (CTNT) announced that at a Special Meeting on January 30, 2026 shareholders approved converting the company from a North Carolina corporation to a Delaware corporation. The conversion became effective February 2, 2026 when the company filed the required certificates in North Carolina and Delaware. On the same vote, shareholders approved increases to authorized shares (Class A and Class B) and the grant of 477,888 restricted stock units (RSUs) to CEO and Chairman Huan Liu.

Key Details

• Reincorporation effective date: February 2, 2026; governance now under Delaware General Corporation Law (DGCL).
• Share conversion: All issued Class A and Class B shares automatically converted into the same class of Delaware stock with no change in par value, voting rights, or ownership percentages.
• CEO RSUs: 477,888 RSUs approved for Huan Liu; each RSU converts to one share of Class B Common Stock upon vesting (subject to the Plan and award agreement).
• Authorized share increases: Class A increased to 2,000,000,000 authorized shares; Class B increased to 200,000,000 authorized shares.
• Vote tallies (selected): Reincorporation — For 11,083,897; Against 67,558; Withheld 6,802; Broker non‑votes 484,881. RSUs grant — For 11,041,725; Against 109,685; Withheld 6,847; Broker non‑votes 484,881.

Why It Matters
The change of domicile to Delaware shifts the company’s legal and governance framework to DGCL, which can affect corporate governance rules, shareholder rights, and litigation venues. The approved increases in authorized shares give the company flexibility to issue more stock in the future (including to fund growth, acquisitions, or compensation), which can be a source of dilution for current shareholders. The RSU award ties a material portion of the CEO’s compensation to long‑term equity performance, aligning management incentives with stockholder value creation.