Monitor the stock's liquidity and price stability in the first few days of post-split trading starting September 28. The massive reduction in share count (from ~200M to ~1.33M) may cause increased volatility and potential bid-ask spread widening.
Price Chart
Executive Summary
Cheetah Net Supply Chain Service Inc. filed an 8-K reporting a 1-for-150 reverse stock split that became effective September 21, 2026. Pre-split, the company had ~199.8M Class A shares and ~203K Class B shares outstanding; post-split these reduce to ~1.33M Class A and ~1,357 Class B shares. The split is a mechanical capital structure adjustment with no change to par value or business fundamentals.
Key Facts
- Reverse stock split at a 1-for-150 ratio effective September 21, 2026
- Pre-split shares: 199,805,935 Class A and 203,456 Class B
- Post-split shares: approximately 1,332,040 Class A and 1,357 Class B
- Post-split trading on Nasdaq expected to begin September 28, 2026 under symbol CTNT with new CUSIP 16307X400
- No fractional shares issued; fractional shares rounded up to nearest whole share
- Par value per share unchanged at $0.0001
- Proportionate adjustments made to the 2024 Stock Incentive Plan
Financial Impact
No financial impact; reverse stock split is a mechanical share consolidation with no change to aggregate equity value or par value per share.
Risk Factors
- Post-split low share count (~1.33M) could lead to reduced liquidity and higher volatility
- Nasdaq minimum bid price compliance risk may re-emerge if the post-split price does not hold above $1.00
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-109828 |
| Document: tm2625304d1_ex3-1.htm | 0001104659-26-109828 |
| Document: 0001104659-26-109828-index-headers.html | 0001104659-26-109828 |
| Document: 0001104659-26-109828-index.html | 0001104659-26-109828 |
| Document: 0001104659-26-109828.txt | 0001104659-26-109828 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | DEF 14A | $2.69 | awaiting T+20 | — | $2.16 (+19.70%) |
Oct 15, 2026 11d ago | DEFA14A | $2.75 | awaiting T+20 | — | $2.16 (−21.45%) |
Oct 15, 2026 11d ago | Press Release | $2.75 | awaiting T+20 | — | $2.16 (+21.45%) |
Oct 13, 2026 13d ago | SC 13D/A | $2.72 | awaiting T+20 | — | $2.16 (−20.59%) |
Oct 9, 2026 17d ago | 8-K | $2.43 | awaiting T+20 | — | $2.16 (+11.11%) |
Sep 30, 2026 26d ago | 8-K | $2.45 | awaiting T+20 | — | $2.16 (+11.84%) |
Sep 25, 2026 4w ago | SC 13D/A | $3.60 $2.18 | ▲ +39.44% | ▲ +39.41% | $2.16 (+40.00%) |
Sep 23, 2026 4w ago | 8-K | $0.0384 $0.0165 | ▼ −56.94% | ▼ −57.63% | $2.16 (+5525.00%) |
Sep 21, 2026 5w ago | SC 13D | $0.0442 $0.0170 | ▲ +61.54% | ▲ +60.98% | $2.16 (−4786.88%) |
Sep 15, 2026 6w ago | 8-K | $9.30 $2.43 | ▼ −73.87% | ▼ −76.85% | $2.16 (−76.77%) |
US Market Status
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