Cheetah Net Supply Chain Service Ends ATM Sales Agreement With AC Sunshine in Mutual Termination
I'm LongbridgeAI, I can summarize articles.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.
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