Cheetah Net Supply Chain Service Inc. Announces Closing of $8.19 Million Follow-on Public Offering

May 15, 2024

https://www.globenewswire.com/news-release/2024/05/15/2882750/0/en/Cheetah-Net-Supply-Chain-Service-Inc-Announces-Closing-of-8-19-Million-Follow-on-Public-Offering.html

CHARLOTTE, N.C., May 15, 2024 (GLOBE NEWSWIRE) — Cheetah Net Supply Chain Service Inc. (“Cheetah Net” or the “Company”) (NASDAQ:CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the PRC market and a logistics and warehouse service provider, today announced the closing of its follow-on offering of 13,210,000 shares of Class A common stock. Each share of Class A common stock was sold at an offering price of $0.62, for gross proceeds of $8.19 million, before deducting placement agent fees and other offering fees and expenses. All the shares of Class A common stock were offered by the Company.

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