Cheetah Net Files 8-K on Rights, Bylaws, and Financials
Ticker: CTNT · Form: 8-K · Filed: Oct 21, 2024 · CIK: 1951667
Sentiment: neutral
Topics: corporate-governance, filing, bylaws
TL;DR
Cheetah Net filed an 8-K on 10/21/24 detailing changes to security holder rights and bylaws, plus financial exhibits.
AI Summary
Cheetah Net Supply Chain Service Inc. filed an 8-K on October 21, 2024, reporting material modifications to the rights of security holders and amendments to its articles of incorporation or bylaws. The filing also includes financial statements and exhibits. The company is incorporated in North Carolina and its principal executive offices are located in Charlotte.
Why It Matters
This 8-K filing indicates significant corporate actions by Cheetah Net Supply Chain Service Inc., potentially affecting shareholder rights and the company's governance structure.
Risk Assessment
Risk Level: low — This filing is a routine corporate disclosure and does not appear to contain immediate negative financial or operational news.
Key Players & Entities
- Cheetah Net Supply Chain Service Inc. (company) — Registrant
- North Carolina (location) — State of Incorporation
- Charlotte (location) — Principal Executive Offices City
- October 21, 2024 (date) — Date of Report
FAQ
What specific modifications were made to the rights of security holders?
The filing indicates material modifications to the rights of security holders, but the specific details of these modifications are not provided in the summary information.
What amendments were made to the company's articles of incorporation or bylaws?
The filing states that there were amendments to the articles of incorporation or bylaws, but the exact nature of these amendments is not detailed in the provided text.
What financial statements and exhibits are included in this filing?
The filing includes financial statements and exhibits, but the specific content of these documents is not detailed in the provided summary.
When was this 8-K report filed?
This 8-K report was filed on October 21, 2024.
Where is Cheetah Net Supply Chain Service Inc. incorporated and where are its principal executive offices located?
Cheetah Net Supply Chain Service Inc. is incorporated in North Carolina, and its principal executive offices are located in Charlotte, North Carolina.
Filing Stats: 817 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-10-21 09:00:14
Key Financial Figures
- $0.0001 — n stock (the "Common Stock"), par value $0.0001 per share, at a ratio ranging from 1-fo
Filing Documents
- tm2426425d1_8k.htm (8-K) — 29KB
- tm2426425d1_ex3-1.htm (EX-3.1) — 17KB
- 0001104659-24-110092.txt ( ) — 224KB
- ctnt-20241021.xsd (EX-101.SCH) — 3KB
- ctnt-20241021_lab.xml (EX-101.LAB) — 33KB
- ctnt-20241021_pre.xml (EX-101.PRE) — 22KB
- tm2426425d1_8k_htm.xml (XML) — 4KB
03 Material Modification to Rights
Item 3.03 Material Modification to Rights of Security Holders. As reported in the Current Report on Form 8-K (File No. 001-41761) previously filed with the U.S. Securities and Exchange Commission on October 4, 2024, Cheetah Net Supply Chain Service Inc. (the "Company") held a special meeting of stockholders (the "Special Meeting") on September 30, 2024. At the Special Meeting, the stockholders approved the Company's Fourth Amended and Restated Articles of Incorporation to authorize a reverse stock split of the issued shares of the Company's common stock (the "Common Stock"), par value $0.0001 per share, at a ratio ranging from 1-for-10 to 1-for-30, as determined at the discretion of the Company's board of directors (the "Board"). Following the Special Meeting, on October 7, 2024, the Board approved a reverse stock split (the "Reverse Stock Split") of the Common Stock at a ratio of 1-for-16 (the "Reverse Stock Split Ratio"). The Reverse Stock Split took effect at 9:00 a.m., Eastern Time, on October 21, 2024 (the "Effective Time"). To implement the Reverse Stock Split, the Company filed its Fourth Amended and Restated Articles of Incorporation with the Secretary of At the Effective Time, each 16 shares of Common Stock outstanding were automatically combined into one new share of Common Stock. No fractional shares were issued in connection with the Reverse Stock Split; any fractional shares resulting from the Reverse Stock Split were rounded up to the nearest whole share. The par value per share of the Common Stock remained unchanged. The Class A common stock of the Company is expected to begin trading on a split-adjusted basis on October 24, 2024, at which time the Class A common stock will be assigned a new CUSIP number (16307X202). Additionally, at the Effective Time, proportionate adjustments were made to the Company's Amended and Restated 2024 Stock Incentive Plan based on the Reverse Stock Split Ratio, including ad
03 Amendments to Articles of Incorporation
Item 5.03 Amendments to Articles of Incorporation or Bylaws; The information set forth under Item 3.03 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit 3.1 Fourth Amended and Restated Articles of Incorporation of the Company 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: October 21, 2024 Cheetah Net Supply Chain Service Inc. By: /s/ Huan Liu Huan Liu Chief Executive Officer, Director, and Chairman of the Board of Directors