8-K - Cheetah Net Supply Chain Service Inc. | StockGist

AI Analysis

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Cheetah Net Supply Chain Service Inc. entered into a $100 million at-the-market (ATM) sales agreement with AC Sunshine Securities LLC on March 31, 2026, enabling the company to sell Class A common stock from time to time at its discretion, subject to regulatory and contractual conditions.

Key Takeaways

1Entered into a $100 million ATM sales agreement with AC Sunshine Securities LLC on March 31, 2026 — establishes flexible equity capital access mechanism.

2Up to $70 million of shares will be offered under the April 2, 2026 ATM Prospectus Supplement to Form S-3 (File No. 333-281820) — confirms immediate regulatory eligibility for offerings.

3Sales Agent receives 3.0% commission on gross proceeds and is reimbursed up to $100,000 for initial offering expenses — defines cost structure and upfront financial commitment.

4Company retains full discretion over timing, price, and volume of sales via placement notices — no obligation to sell any shares, preserving strategic control.

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry Into a Material Definitive Agreement.** On March 31, 2026, Cheetah Net Supply Chain Service Inc. (the “Company”), entered into a sales agreement (the “S

Material Agreement

$100.0M$100.0K$14.0K$10.0K

Source Document

9.01

** **Exhibits.** (d) Exhibits | Exhibit No. | | Description | |---|---|---| | 5.1 | | Opinion of Hunter Taubman Fischer & Li LLC | | 10.1 | | Sales Agreement, d

Exhibits Only

Transaction Details

Material Agreement

Agreement: Sales Agreement
Parties: Cheetah Net Supply Chain Service Inc., AC Sunshine Securities LLC

•Effective date: March 31, 2026
•Aggregate offering price cap: $100,000,000
•Shares offered: Class A common stock, par value $0.0001 per share
•Commission: 3.0% of aggregate gross proceeds per sale
•Reimbursement: Up to $100,000 for initial offering, $14,000/year for maintenance, $10,000 per program 'refresh'
•Sales method: 'At the market offering' on Nasdaq Capital Market or other trading markets
•No obligation for Company to sell any shares; no obligation for Sales Agent to purchase on principal basis

Exhibits (3)

10.1

EXHIBIT 10.1

5.1

EXHIBIT 5.1

8-K

FORM 8-K