CHEETAH NET SUPPLY CHAIN SERVICE INC. 8-K

What Happened
Cheetah Net Supply Chain Service Inc. (CTNT) filed an 8-K stating that it and AC Sunshine Securities LLC mutually terminated their Sales Agreement (the ATM facility) effective as of the close of business on June 26, 2026. The Sales Agreement, originally dated March 31, 2026, allowed the company to sell Class A common stock from time to time under its Form S-3 registration (File No. 333-281820). As of the termination date no placement notices remained in effect and the Sales Agent confirmed no fees or expenses were owed by the company.

Key Details

• Mutual Termination Agreement dated June 26, 2026 (filed as Exhibit 10.1).
• Reverse 1-for-200 stock split effective April 29, 2026.
• Shares sold under the Sales Agreement: 355,000,000 pre-split (equal to 1,775,000 shares after the reverse split) plus 1,000,000 shares sold post-split (April 29–June 18, 2026), totaling 2,775,000 shares after giving effect to the reverse split.
• Sales were made pursuant to the company’s Form S-3 registration (File No. 333-281820).

Why It Matters
Terminating the ATM sales agreement removes an on-demand mechanism the company had to raise capital by selling shares through AC Sunshine Securities. Investors should note the company already issued a total of 2,775,000 shares under that facility (after the reverse split), which represents the dilution that occurred through the arrangement. The filing confirms no outstanding placement notices or fees remain, so the agreement is fully concluded as of June 26, 2026.