CHEETAH NET SUPPLY CHAIN SERVICE INC. 8-K

What Happened

• Cheetah Net Supply Chain Service Inc. announced on March 31, 2026 that it entered into a sales agreement with AC Sunshine Securities LLC to sell, from time to time, up to $100,000,000 aggregate offering price of its Class A common stock through an at-the-market (ATM) program. The company filed an ATM prospectus supplement on April 2, 2026; $70,000,000 of the Shares will be offered under that supplement to the company’s effective Form S-3 (No. 333-281820).

Key Details

• Sales agent: AC Sunshine Securities LLC; sales to be made consistent with Nasdaq rules and applicable law (ATM offering under Rule 415(a)(4)).
• Company and agent obligations: Company is not required to sell any shares; Sales Agent is not obligated to buy shares on a principal basis.
• Fees and expenses: Company will pay a 3.0% commission on gross proceeds; will reimburse certain expenses including up to $100,000 initial costs, up to $14,000 per year for maintenance, and up to $10,000 per program “refresh.”
• Legal matters: Legal opinion from Hunter Taubman Fischer & Li LLC regarding the legality of the Shares is attached as Exhibit 5.1.

Why It Matters

• The ATM gives the company a flexible way to raise capital over time by selling shares into the market as needed. That can provide funding for operations or growth without a single large equity offering.
• Any sales under the program would dilute existing shareholders and reduce proceeds by the stated commissions and reimbursable expenses. Because sales are optional, timing and amount (if any) are at the company’s discretion.