CHEETAH NET SUPPLY CHAIN SERVICE INC. 8-K

What Happened

• Cheetah Net Supply Chain Service Inc. announced a reverse stock split of its common stock at a ratio of 1-for-200 that became effective April 20, 2026 at 8:00 a.m. ET. The Board approved the reverse split on March 23, 2026, and the company filed a Certificate of Amendment with Delaware on March 24, 2026. The reverse split was authorized by stockholder approval (written consent) on February 3, 2026 by FAIRVIEW EASTERN INTERNATIONAL HOLDINGS LIMITED and Huan Liu, who together held about 79.16% of voting power at that time.

Key Details

• Reverse split ratio: 1-for-200; no change to par value. Fractional shares were not issued — fractional results were rounded up to the next whole share.
• Share counts after the split: Class A reduced from 391,177,712 to 1,955,889 shares; Class B reduced from 690,875 to 3,455 shares.
• Trading and CUSIP: Class A common stock is expected to begin trading on a split-adjusted basis on April 29, 2026, with a new CUSIP (16307X301).
• Equity plan adjustment: The Amended and Restated 2024 Stock Incentive Plan and outstanding awards were proportionately adjusted based on the 1-for-200 ratio.
• Context: On April 23, 2026, the company reported that, following sales of 355,000,000 Class A shares in “at-the-market” transactions under an agreement with AC Sunshine Securities LLC, it had 391,177,712 Class A shares outstanding on a pre-split basis.

Why It Matters

• For investors, the reverse split reduces the number of shares outstanding and increases the per-share price proportionally; it does not change an investor’s percentage ownership (aside from rounding effects) or the company’s market capitalization. Adjustments to the stock incentive plan affect the number and exercise prices of option and award grants. Expect the stock to show split-adjusted pricing and a new CUSIP on the announced trading date; shareholders should verify holdings with their brokers for any rounding or rounding-up impacts.