CHEETAH NET SUPPLY CHAIN SERVICE INC. 8-K

What Happened

• On April 16, 2026, Cheetah Net Supply Chain Service Inc. (the "Company") entered into a Share Transfer Agreement to acquire 100% of the issued shares of Super International Trading Limited, a Hong Kong company primarily engaged in trading large‑scale industrial equipment. The aggregate cash consideration is approximately $4.98 million, which includes a refundable deposit of $1.5 million to be paid before due diligence and credited at closing. Closing is expected within three months, subject to customary conditions (board approvals, regulatory consents, satisfactory due diligence and no material adverse change).

Key Details

• Purchase price: approximately $4.98 million total, inclusive of a $1.5 million refundable deposit.
• Timing/conditions: Closing expected within ~3 months of April 16, 2026, subject to due diligence and required approvals.
• Post‑Closing performance terms: a 3‑year minimum annual revenue commitment of $10 million (seller pays cash compensation for shortfalls) and a 5‑year incentive for revenue above $10 million (company to pay additional cash or shares per the agreement).
• Liability assumption: the Company will assume only liabilities reflected in agreed financial statements or expressly disclosed and accepted in the agreement.

Why It Matters

• This is a definitive acquisition agreement that would add a Hong Kong trading business (large‑scale industrial equipment) to Cheetah Net’s operations and includes both downside protection (seller compensation for revenue shortfalls) and upside incentives (additional payments for revenue above $10M).
• The transaction is not closed yet — it depends on due diligence, approvals and regulatory consents — so investors should watch for closing confirmation, any adjustments to consideration, and future disclosures about the Target’s financials and any contingent payments.