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CHEETAH NET SUPPLY CHAIN SERVICE INC.
Takeover Time 2026 LLC has filed a definitive consent solicitation statement to replace the entire Board of Directors of Cheetah Net (CTNT). The group cites concerns over frequent equity issuances, reverse stock splits, material weaknesses in internal controls, concentration of executive power, and the status of a large receivable from Shanghai Kesheng as reasons for the proposed board overhaul. Stockholders are being asked to consent to a three-part integrated action, including resetting board size, removing current directors, and electing five new nominees, with an October 19, 2026 record date.…more
CHEETAH NET SUPPLY CHAIN SERVICE INC.
Cheetah Net Supply Chain Service will hold its 2026 annual meeting of stockholders on December 3, 2026, to vote on the election of directors and the appointment of an independent auditor. As of October 16, 2026, the company has 1,332,087 shares of Class A common stock and 101,358 shares of Class B common stock outstanding.…more
CHEETAH NET SUPPLY CHAIN SERVICE INC.
Takeover Time 2026 LLC continues its consent solicitation to replace the Board of Cheetah Net (CTNT), challenging the governance implications of the October 7 issuance of 100,000 Class B shares (carrying 1.5 million votes) to the CEO. The group demands direct answers regarding the company's unsecured lending, ineffective internal controls, and history of reverse splits, noting that litigation concerning the recent share issuance is currently pending in the Delaware Court of Chancery.…more
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Cheetah Net Opposes Board Replacement Attempt
Cheetah Net has formally announced its opposition to the consent solicitation by Takeover Time 2026 LLC to replace the company's board. The emergence of a proxy contest introduces significant uncertainty regarding the company's future management and strategic direction.…more
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Cheetah Net has entered into an agreement to acquire JoyPak Supply, a consumer and beauty products distributor, for $788,000 in cash. The acquisition is intended to diversify the company's product offerings and expand its presence into the consumer goods sector.…more
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Cheetah Net Supply Chain Service has entered into an agreement with Pacific Century Securities to offer and sell up to $35.28 million of its Class A common stock. This arrangement allows for potential capital raising, which may lead to shareholder dilution if shares are issued.…more
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