Cheetah Net ends at-the-market stock sales agreement with AC Sunshine

Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) terminated its at-the-market stock offering agreement with AC Sunshine Securities LLC on June 26, 2026, according to a press release statement from the company.

The two parties entered into a Mutual Termination Agreement, ending the sales agreement that had originally been established on March 31, 2026. The termination took effect at the close of business on June 26, 2026.

Under the sales agreement, Cheetah Net had been authorized to sell shares of its Class A common stock, par value $0.0001 per share, through AC Sunshine as sales agent via an at-the-market offering, registered under Form S-3, File No. 333-281820.

Prior to termination, the company sold a total of 2,775,000 shares of Class A common stock under the agreement, adjusted to reflect a 1-for-200 reverse stock split the company completed on April 29, 2026. Before the reverse stock split took effect, the company had sold 355,000,000 shares, equivalent to 1,775,000 post-split shares. Between April 29, 2026 and June 18, 2026, following the reverse stock split, the company sold an additional 1,000,000 shares.

At the time of termination, no active placement notices remained under the agreement, and no fees or expenses were owed to AC Sunshine Securities.

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