---
title: "Cheetah Net Supply Chain Service Ends ATM Sales Agreement With AC Sunshine in Mutual Termination"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291187019.md"
description: "Cheetah Net Supply Chain Service mutually terminated its at-the-market (ATM) sales agreement with AC Sunshine Securities, effective June 26, 2026. The original agreement, signed on March 31, 2026, facilitated the sale of Class A common stock under a shelf registration. Following a 1-for-200 reverse split, 2,775,000 shares were sold. No placement notices remain outstanding, and no fees or expenses are owed to the agent."
datetime: "2026-06-29T20:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291187019.md)
  - [en](https://longbridge.com/en/news/291187019.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291187019.md)
generator: "portal-rs"
---

# Cheetah Net Supply Chain Service Ends ATM Sales Agreement With AC Sunshine in Mutual Termination

Cheetah Net Supply Chain Service terminated its at-the-market sales agreement with AC Sunshine Securities effective June 26, 2026 under a mutual termination agreement. The ATM, originally signed March 31, 2026, enabled sales of Class A common stock under the company's shelf registration; a total of 2,775,000 shares were sold after giving effect to a 1-for-200 reverse split. No placement notices remained outstanding and no fees or expenses were owed to the agent.

**Agreement details:**

-   **Agreement terminated**: At-the-market offering sales agreement for Class A common stock
-   **Counterparty**: AC Sunshine Securities
-   **Original agreement date**: Mar 31 2026
-   **Termination date**: Jun 26 2026
-   **Termination type**: mutual
-   **Exit fees / payments**: None
-   **Reason**: Conclude ATM program under S-3

Original SEC Filing: CHEETAH NET SUPPLY CHAIN SERVICE INC. \[ CTNT \] - 8-K - Jun. 29, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**