Cheetah Net Supply Chain Service (CTNT) Prices 1.25M Share IPO at $4/sh

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Go back to Cheetah Net Supply Chain Service (CTNT) Prices 1.25M Share IPO at $4/sh

Cheetah Net Supply Chain Service Inc. Announces Pricing of $5.0 Million Initial Public Offering

July 31, 2023 8:15 PM EDT

CHARLOTTE, N.C., July 31, 2023 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (Cheetah Net or the Company) (NASDAQ: CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the PRC market, today announced the pricing of its initial public offering of 1,250,000 shares of Class A common stock. Each share of Class A common stock is being sold at an offering price of $4.00, for gross proceeds of $5.0 million, before deducting underwriting discounts and offering expenses. In addition, Cheetah Net has granted the underwriters a 45-day option to purchase... More