Cheetah Net Supply Chain Service Inc. Announces Acquisition of JoyPak

What Happened

• Cheetah Net Supply Chain Service Inc. announced on September 15, 2026 that it entered into a Membership Interest Purchase Agreement to acquire all membership interests of JoyPak Supply LLC. The total purchase price is $788,000. The company filed the agreement in an 8-K and issued a press release the same day.

Key Details

• Aggregate purchase price: $788,000 (Initial Payment $88,000 due within two business days of Sept 15, 2026; $700,000 due within two business days after closing).
• Closing timing: Must occur no later than four weeks after the Purchase Agreement (expected on or about October 15, 2026), at which point JoyPak will become a wholly owned subsidiary.
• Initial Payment: $88,000 is a partial payment only and does not transfer membership interests; sellers must return it if the deal is terminated for reasons other than the company’s breach.
• Agreement terms: Contains customary representations, warranties, covenants, indemnification and termination rights; the company can terminate for certain due diligence issues or if material closing conditions are unlikely to be met.

Why It Matters

• This is a strategic acquisition that, if completed, adds JoyPak’s consumer/beauty/personal-care product business to Cheetah Net’s operations as a wholly owned subsidiary.
• The purchase price and short closing timeline mean the transaction is relatively small and near-term, so investors can expect a quick integration decision and minimal near-term cash outlay beyond the stated payments.
• The filing signals material corporate activity (an acquisition) and includes protections for the company (return of initial payment on certain terminations and termination rights tied to diligence and closing conditions).