Cheetah net supply chain service inc. announces pricing of $1.49 million follow-on public offering

Charlotte, n.c., july 25, 2024 (globe newswire) -- cheetah net supply chain service inc. (“cheetah net” or the “company”) (nasdaq: ctnt), a provider of warehousing and logistics services, historically in connection with the sale of parallel-import vehicles sourced in the u.s. to be sold in the prc market, and more recently for the transportation of other goods between the u.s. and the prc, today announced that it has entered into a securities purchase agreement with certain investors for a follow-on offering of 6,479,663 shares of class a common stock, at a price of $0.23 per share, for gross proceeds of approximately $1.49 million, before deducting offering related fees and expenses.
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