About
Cheetah Net Supply Chain Service Inc. (NASDAQ: CTNT) specializes in supplying parallel-import vehicles in the United States, the People’s Republic of China, and internationally. The company deals in branded automobiles including Mercedes, Lexus, Range Rover, RAM, and Toyota, primarily reselling these vehicles.
Founded in 2016 and headquartered in Charlotte, North Carolina, Cheetah Net underwent an IPO on August 1, 2023, at a price of $4.00 per share. The company is a subsidiary of Fairview Eastern International Holdings Limited. As of the latest data, the company operates with a small team of around 20 employees under the leadership of CEO Huan Liu.
Cheetah Net Supply Chain Service Inc. issued 13,210,000 shares of Class A common stock in their follow-on public offering on May 15, 2024, raising $8.19 million in gross proceeds. This issuance increased the total number of outstanding shares, diluting existing shareholders but providing the company with additional capital to fund working capital and develop their warehousing and logistics services.
Shareholder Equity and Shares Outstanding
Cheetah Net Supply Chain Service Inc. has approximately 14.04 million shares outstanding as of the most recent data.
Insider Share Ownership
Insiders own a significant portion of the company, with insider ownership at 79.74%. This high level of insider ownership suggests that the company’s management and key stakeholders have a substantial vested interest in the company’s success​.
Dilution
The company recently issued additional shares, increasing the number of shares outstanding by 12.45% year-over-year. This dilution resulted from recent financing activities, including a follow-on public offering​.
Senior Note Holders and Conversion Price
The available information does not specifically list the number of senior note holders or the most recent conversion price for any convertible notes. Typically, such details would be disclosed in the company’s SEC filings, particularly in their 10-K or 10-Q reports. For precise and up-to-date information, you can review the company’s recent filings on the SEC’s EDGAR database.
For further details and a comprehensive view of the company’s financials, including shareholder equity, you can refer to their detailed filings on platforms like Last10K and Stock Analysis​.
Why did Cheetah Net Supply Chain Service go up over 580%?
cheetah i(8/9/2016) (4D) was in a very propitious period. born on a Tuesday it was in cycles 45, 46 during it’s five day ascent. 49 million in volume the first day and by day 5 we have a total of 170.21 million in volume which is 11x the number of shares traded that the company has issued.