Cheetah net supply chain service inc. announces closing of $8.19 million follow-on public offering

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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