The loss of the ATM facility suggests the company may seek alternative financing, potentially at more dilutive terms. Monitor for new equity or debt offerings. The cessation of dilution is a modest positive against a backdrop of severe share price erosion.
Price Chart
Executive Summary
Cheetah Net Supply Chain Service Inc. mutually terminated its at-the-market (ATM) sales agreement with AC Sunshine Securities LLC, effective June 26, 2026. The company had sold 2,775,000 shares (post-reverse split) under the agreement with no fees or expenses due upon termination. This removes a potential future dilution source but also eliminates a readily available capital-raising mechanism.
Key Facts
- Mutual termination of ATM sales agreement with AC Sunshine Securities LLC, effective June 26, 2026
- Company sold aggregate of 2,775,000 shares (post-1-for-200 reverse stock split) under the agreement
- No amounts, fees, or expenses were due to the sales agent upon termination
- No placement notices or unsettled sales remained as of termination
Financial Impact
Termination removes ability to issue additional shares under the ATM; no immediate financial cost or benefit. Prior sales raised an undetermined amount of capital.
Risk Factors
- Lack of an equity funding vehicle may force the company to pursue costly or dilutive alternatives
- The company's small market cap ($5M) and poor stock performance limit financing options
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-078843 |
| Document: tm2619318d1_ex10-1.htm | 0001104659-26-078843 |
| Document: 0001104659-26-078843-index-headers.html | 0001104659-26-078843 |
| Document: 0001104659-26-078843-index.html | 0001104659-26-078843 |
| Document: 0001104659-26-078843.txt | 0001104659-26-078843 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $0.0620 $0.0470 | ▼ −24.19% | ▼ −25.01% | $2.45 (+3851.61%) |
Sep 15, 2026 17d ago | Press Release | $0.0620 $0.0470 | ▼ −24.19% | ▼ −25.01% | $2.45 (+3851.61%) |
Aug 13, 2026 7w ago | Press Release | $1.61 $1.59 | ▲ +1.24% | ▼ −0.13% | $2.45 (−52.17%) |
Jun 29, 2026 13w ago | 8-K | $1.66 $1.67 | ▲ +0.60% | ▼ −0.00% | $2.45 (+47.59%) |
Jun 22, 2026 14w ago | 8-K | $1.76 $1.54 | ▼ −12.50% | ▼ −13.51% | $2.45 (+39.20%) |
Jun 4, 2026 17w ago | 8-K | $1.76 $1.78 | ▲ +1.14% | ▲ +0.57% | $2.45 (+39.20%) |
May 14, 2026 20w ago | 8-K | $2.01 $1.80 | ▲ +10.45% | ▲ +9.73% | $2.45 (−21.89%) |
May 14, 2026 20w ago | Press Release | $2.01 $1.80 | ▲ +10.45% | ▲ +9.73% | $2.45 (−21.89%) |
Apr 24, 2026 23w ago | 8-K | $5.60 $2.86 | ▼ −48.93% | ▼ −49.33% | $2.45 (−56.25%) |
Apr 16, 2026 24w ago | 8-K | $32.20 $0.0330 | ▼ −99.90% | ▼ −100.88% | $2.45 (−92.39%) |
US Market Status
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