Cheetah Net completes 1-for-150 reverse split and discloses share sales under ATM program
Cheetah Net Supply Chain Service Inc. disclosed progress on its at-the-market share sale program with Pacific Century Securities, which allows sales of Class A common stock of up to $35.3 million. As of September 25, 2026, the company had sold about 196,850,000 shares under the program, before the reverse split took effect on September 28, 2026. After the 1-for-150 reverse split, the company reports about 1,332,087 Class A and 1,358 Class B shares outstanding, a much smaller share count for existing holders.
Key points
- ATM Offering authorizes sales of Class A common stock with an aggregate offering price of up to $35.3 million, under an agreement entered August 21, 2026
- About 196,850,000 shares sold under the ATM Offering as of September 25, 2026, before giving effect to the reverse split
- 1-for-150 reverse split of Class A and Class B common stock became market effective September 28, 2026
- After the split, about 1,332,087 Class A and 1,358 Class B shares are issued and outstanding
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.