Cheetah Net faces board removal bid from Takeover Time 2026

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Go back to Cheetah Net faces board removal bid from Takeover Time 2026

Cheetah Net Supply Chain Service Inc. Statement Regarding Preliminary Stockholder Consent Solicitation

October 15, 2026 4:01 PM EDT

IRVINE, Calif., Oct. 15, 2026 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) today announced that it acknowledges the revised preliminary consent solicitation statement filed by Takeover Time 2026 LLC seeking to remove and replace the Company's Board of Directors.

The Board takes its responsibility to protect the interests of all stockholders seriously. Stockholders deserve transparent financial reporting, effective internal controls, disciplined capital allocation and independent oversight of significant financial and strategic decisions.

The Company is reviewing the implications of the proposed Board replacement, including the potential effects on management oversight, ongoing contractual commitments,... More