Juguang Zhang Takes 11.6% Stake in Cheetah Net Supply Chain
Ticker: CTNT · Form: SC 13G · Filed: Feb 12, 2024 · CIK: 1951667
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, shareholder-update, beneficial-ownership
TL;DR
**Juguang Zhang just bought 11.6% of Cheetah Net Supply Chain, making him a major player.**
AI Summary
Juguang Zhang, a Chinese citizen, reported on February 2, 2024, that he beneficially owns 1,272,329 shares of Cheetah Net Supply Chain Service Inc.'s Class A common stock, representing 11.6% of the company. This significant stake makes him a major shareholder, indicating a strong belief in the company's future and potentially influencing its strategic decisions. For investors, this means a substantial portion of the company is now concentrated in the hands of a single individual, which could lead to more stable governance or, conversely, less liquidity in the stock.
Why It Matters
A single individual, Juguang Zhang, now holds a significant 11.6% ownership in Cheetah Net Supply Chain Service Inc., which could impact future corporate governance and stock liquidity.
Risk Assessment
Risk Level: medium — Concentrated ownership by a single individual can lead to less diverse decision-making and potential control issues for other shareholders.
Analyst Insight
Investors should monitor future filings from Juguang Zhang for any changes in his stake, as well as any corporate announcements from Cheetah Net Supply Chain Service Inc. that might reflect his influence. This concentration of ownership could lead to either more stable long-term direction or potential governance challenges.
Key Numbers
- 1,272,329 — Shares Beneficially Owned (Represents the total number of Class A common stock shares Juguang Zhang holds in Cheetah Net Supply Chain Service Inc.)
- 11.6% — Percentage of Class (Indicates the significant ownership stake Juguang Zhang has in the company, making him a major shareholder.)
Key Players & Entities
- Juguang Zhang (person) — Reporting Person and beneficial owner
- Cheetah Net Supply Chain Service Inc. (company) — Name of Issuer
- 1,272,329 (dollar_amount) — Number of shares beneficially owned
- 11.6% (dollar_amount) — Percentage of Class A common stock owned
- February 2, 2024 (dollar_amount) — Date of event requiring filing
Forward-Looking Statements
- Juguang Zhang will likely have increased influence on Cheetah Net Supply Chain Service Inc.'s strategic decisions due to his significant ownership stake. (Juguang Zhang) — medium confidence, target: Next 12-24 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Juguang Zhang, a citizen of China, as stated in Item 1 and Item 4 of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is Cheetah Net Supply Chain Service Inc., as identified in the 'Name of Issuer' section of the filing.
How many shares of Class A common stock does Juguang Zhang beneficially own?
Juguang Zhang beneficially owns 1,272,329 shares of Class A common stock, as reported in Row 9 of the cover page.
What percentage of the Class A common stock does Juguang Zhang's ownership represent?
Juguang Zhang's ownership represents 11.6% of the Class A common stock, as indicated in Row 11 of the cover page.
What was the date of the event that triggered this SC 13G filing?
The date of the event which required the filing of this statement was February 2, 2024, as specified on the first page of the Schedule 13G.
Filing Stats: 769 words · 3 min read · ~3 pages · Grade level 8.6 · Accepted 2024-02-12 15:10:04
Key Financial Figures
- $0.0001 — ssuer) Class A common stock, par value $0.0001 per share (Title of Class of Securiti
Filing Documents
- tm245920d1_sc13g.htm (SC 13G) — 32KB
- 0001104659-24-014362.txt ( ) — 33KB
IF THIS STATEMENT IS FILED PURSUANT
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not Applicable.
OWNERSHIP
ITEM 4. OWNERSHIP. The information requested in these paragraphs is incorporated herein by reference to the cover pages to this Schedule 13G. CUSIP No. G16307X103 Page 4 of 5
OWNERSHIP OF FIVE PERCENT OR LESS OF
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. Not applicable.
OWNERSHIP OF MORE THAN FIVE PERCENT
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Not applicable.
IDENTIFICATION AND CLASSIFICATION OF
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable.
IDENTIFICATION AND CLASSIFICATION OF
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable.
NOTICE OF DISSOLUTION OF GROUP
ITEM 9. NOTICE OF DISSOLUTION OF GROUP. Not applicable.
CERTIFICATIONS
ITEM 10. CERTIFICATIONS. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. CUSIP No. G16307X103 Page 5 of 5 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 By: /s/ Juguang Zhang Name: Juguang Zhang The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.