Business Context and Reporting Period
This Form 8-K is a Current Report filed by Cheetah Net Supply Chain Service Inc. on June 26, 2026. The filing addresses the termination of a material definitive agreement regarding an "at-the-market" equity offering program. The Company is an emerging growth company incorporated in Delaware with principal executive offices in Irvine, California.
Key Financial Metrics and Transaction Details
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The primary financial data relates to the equity offering program terminated in this report:
- Shares Sold Under Agreement: An aggregate of 2,775,000 shares of Class A common stock (post-split adjusted) were sold pursuant to the Sales Agreement prior to termination.
- Pre-Split Sales: 355,000,000 shares sold prior to the April 29, 2026, 1-for-200 reverse stock split.
- Post-Split Sales: 1,000,000 shares sold between April 29, 2026, and June 18, 2026.
- Outstanding Obligations: As of the termination date, no placement notices were in effect, and no amounts, fees, or expenses were due to the Sales Agent (AC Sunshine Securities LLC).
Material Changes Versus Prior Period
The material change reported is the termination of the Sales Agreement dated March 31, 2026, between the Company and AC Sunshine Securities LLC. This agreement, which allowed for the sale of Class A common stock via an "at-the-market" offering, was mutually terminated effective as of the close of business on June 26, 2026. This action concludes the specific offering program referenced in the Company's Form S-3 registration statement (File No. 333-281820).
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard legal disclaimer that the description of the Mutual Termination Agreement is qualified by reference to the full text of the agreement filed as Exhibit 10.1. The termination was mutual, and the Company confirmed no outstanding financial liabilities to the Sales Agent remain.
Key Facts for Investor Verification
- Verify the impact of the terminated "at-the-market" offering on the Company's future capital raising capabilities.
- Confirm the total capital raised from the 2,775,000 shares sold under the terminated agreement by reviewing the prospectus supplement and prior 8-K filings.
- Review the full text of the Mutual Termination Agreement (Exhibit 10.1) for any non-standard termination clauses or future restrictions.
- Monitor subsequent filings for the initiation of new equity financing programs to replace the terminated Sales Agreement.