Cheetah Net Supply Chain Service Inc. Files 8-K

TL;DR

Cheetah Net filed an 8-K on 7/25 for a material agreement & financials. Details TBD.

AI Summary

On July 25, 2024, Cheetah Net Supply Chain Service Inc. entered into a material definitive agreement. The company also made a Regulation FD disclosure and filed financial statements and exhibits. Specific details of the agreement and financial information were not provided in this filing excerpt.

Why It Matters

This filing indicates significant corporate activity, including a material definitive agreement and financial disclosures, which could impact the company's operations and stock performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could involve significant financial commitments or strategic shifts, but lacks specific details to fully assess the risk.

Key Players & Entities

• Cheetah Net Supply Chain Service Inc. (company) — Registrant
• July 25, 2024 (date) — Date of Report
• North Carolina (location) — State of Incorporation
• 6201 Fairview Road, Suite 225 Charlotte, North Carolina 28210 (address) — Principal Executive Offices
• (704) 826-7280 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.0001 — of its Class A common stock, par value $0.0001 per share, at a price of $0.23 per shar
• $0.23 — value $0.0001 per share, at a price of $0.23 per share. Pursuant to the Purchase Ag
• $90,000 — Placement Agent for its expenses up to $90,000 in the aggregate. Pursuant to the Purc

Filing Documents

• tm2420304d1_8k.htm (8-K) — 33KB
• tm2420304d1_ex10-1.htm (EX-10.1) — 117KB
• tm2420304d1_ex10-2.htm (EX-10.2) — 208KB
• tm2420304d1_ex99-1.htm (EX-99.1) — 8KB
• tm2420304d1_ex99-2.htm (EX-99.2) — 7KB
• tm2420304d1_ex99-1img001.jpg (GRAPHIC) — 25KB
• tm2420304d1_ex99-2img001.jpg (GRAPHIC) — 23KB
• 0001104659-24-083038.txt ( ) — 698KB
• ctnt-20240725.xsd (EX-101.SCH) — 3KB
• ctnt-20240725_lab.xml (EX-101.LAB) — 33KB
• ctnt-20240725_pre.xml (EX-101.PRE) — 22KB
• tm2420304d1_8k_htm.xml (XML) — 4KB

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement On July 25, 2024, Cheetah Net Supply Chain Service Inc., a North Carolina corporation (the "Company"), entered into a securities purchase agreement (the "Purchase Agreement") with certain institutional investors (the "Investors") for a follow-on offering (the "Offering") of 6,479,663 shares of its Class A common stock, par value $0.0001 per share, at a price of $0.23 per share. Pursuant to the Purchase Agreement, the Investors have the right of participation (on a pro-rata basis) in certain equity linked financings undertaken by the Company up to 30% of the amount of such financings for four months following the closing of the Offering. Further, until 90 days after the closing of the Offering, the Company shall not issue certain securities (or enter into any agreement with respect thereto), subject to certain customary exceptions. The Company's securities described above were offered pursuant to an effective registration statement on Form S-1 (SEC File No. 333-280743), that was previously filed with the Securities and Exchange Commission (the "SEC") on July 10, 2024, and declared effective on July 15, 2024 (the "Registration The Registration Statement and the final prospectus relating to this offering are available on the SEC's website at www.sec.gov. The Company also entered into Placement Agency Agreement dated July 25, 2024 (the "Placement Agency Agreement") with FT Global Capital, Inc., who acted as the exclusive placement agent on a best efforts basis in connection with this Offering (the "Placement Agent"). Pursuant to the Placement Agency Agreement, the Company agreed to pay the Placement Agent a cash fee of 7.25% of the aggregate purchase price for the shares of Class A common stock sold in the Offering, and to reimburse the Placement Agent for its expenses up to $90

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On July 25, 2024, the Company issued a press release regarding the pricing of the Offering. A copy of the press release is attached as Exhibit 99.1 hereto. On July 26, 2024, the Company issued a press release regarding the closing of the Offering. A copy of the press release is attached as Exhibit 99.2 hereto. The information in this

01, including Exhibit 99.1 and Exhibit 99.2 attached hereto, is being furnished and shall not be deemed "filed"

Item 7.01, including Exhibit 99.1 and Exhibit 99.2 attached hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any of the Company's filings under the Securities Act, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this report in such filing.

01

Item 9.01. Exhibits. Exhibit No. Description 10.1 Placement Agency Agreement dated July 25, 2024 by and between the Company and the Placement Agent 10.2 Form of Securities Purchase Agreement dated July 25, 2024 by and between the Company and the Purchasers 99.1 Press Release dated July 25, 2024 on Pricing of the Offering 99.2 Press Release dated July 26, 2024 on Closing of the Offering 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 26, 2024 Cheetah Net Supply Chain Service Inc. By: /s/ Huan Liu Huan Liu Chief Executive Officer, Director, and Chairman of the Board of Directors

View Full Filing

View this 8-K filing on SEC EDGAR