IPO - CHEETAH NET SUPPLY CHAIN SERVICE INC.

Form Type: S-3

Filing Date: 2025-01-13

Corporate Action: Ipo

Type: New

Accession Number: 000110465925003044

Filing Summary: Cheetah Net Supply Chain Service Inc. is filing this registration statement under the Securities Act of 1933 for a proposed sale of 469,484 shares of Class A common stock by certain selling stockholders. The company has undergone significant changes, including the acquisition of Edward Transit Express Group Inc. and TW & EW Services Inc., which marked its shift in focus toward logistics and warehousing services. The financial performance witnessed a decline due to adverse conditions in the vehicle sales market driven by the COVID-19 pandemic and macroeconomic challenges. As of the latest report, Cheetah Net is defined as both a smaller reporting company and an emerging growth company, thereby utilizing certain reduced public company reporting requirements. The company also executed a reverse stock split at a ratio of 1-for-16 and is preparing to disclose financial results for the year ended December 31, 2024, around March 31, 2025. The primary risks associated with investing in the company revolve around economic uncertainties and operational challenges, especially concerning their transformation strategy and market volatility.

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