Cheetah Net Supply Chain Service Enters $35.28M ATM Sales Agreement

What Happened

• Cheetah Net Supply Chain Service Inc. (CTNT) announced on Aug. 21, 2026 that it entered into a sales agreement with Pacific Century Securities, LLC to offer and sell, from time to time, up to $35,280,213.01 of its Class A common stock via an “at-the-market” (ATM) program. The Sales Agreement was described in an ATM prospectus supplement dated Aug. 21, 2026 (filed with the SEC Aug. 24, 2026) and relies on the company’s Form S-3 registration statement (No. 333-281820) declared effective Sept. 6, 2024.

Key Details

• Sales agent: Pacific Century Securities, LLC; entered Aug. 21, 2026.
• Maximum offering size: $35,280,213.01 of Class A common stock.
• Commission: 3.0% of aggregate gross proceeds for each sale.
• Company obligations/costs: not required to sell any shares; agreed to indemnify the agent and reimburse certain expenses (up to $100,000 initial offering expenses; up to $14,000 per fiscal year for maintenance (subject to $5,000 per Representation Date cap); and up to $10,000 per ATM program update).
• Sales mechanics: Shares may be sold on Nasdaq or other trading markets or to market makers as permitted under Rule 415(a)(4); the agent is not required to purchase shares on a principal basis.
• Legal: legal opinion from McCarter & English, LLP is filed as Exhibit 5.1; Sales Agreement is Exhibit 10.1 to the Form 8-K.

Why It Matters

• This ATM gives Cheetah Net a flexible way to raise capital over time rather than all at once. Any sales under the program would increase the company’s outstanding shares and dilute existing shareholders, while the 3% commission and reimbursable expenses will reduce net proceeds. The filing does not announce any immediate sale of shares — investors should monitor future 8-Ks or prospectus supplements for actual sales, amounts raised, and timing.