CHEETAH NET SUPPLY CHAIN SERVICE INC. 8-K

What Happened Cheetah Net Supply Chain Service Inc. (CTNT) filed an 8-K (Feb 19, 2026) reporting that it closed a previously disclosed private placement on February 12, 2026. The company issued 33,450,000 shares of its Class A common stock for aggregate gross proceeds of $40.14 million. The offering was conducted under Regulation S and the shares were not registered under the U.S. Securities Act.

Key Details

• 33,450,000 shares of Class A common stock issued.
• Aggregate gross proceeds: $40.14 million (implies $1.20 per share based on announced figures).
• Offering closed: February 12, 2026; 8-K filed: February 19, 2026.
• Shares issued under Regulation S; purchasers represented they are non‑U.S. persons and not acquiring for the account or benefit of U.S. persons.

Why It Matters This transaction raises $40.14 million of gross cash for the company and increases the number of outstanding Class A shares by 33.45 million, which can dilute existing shareholders’ ownership percentages (the filing does not disclose prior share count or use of proceeds). Because the sale was made under Regulation S to non‑U.S. persons, the shares were not registered for U.S. resale, which can affect liquidity for U.S.-based investors. The 8-K does not provide additional financial details or how the proceeds will be used.