On April 2, 2026, Cheetah Net Supply Chain Service Inc. (the "Company") filed a Form 8-K with the SEC detailing its entry into a Sales Agreement with AC Sunshine Securities LLC. This agreement allows the Company to offer and sell shares of its Class A common stock, with an aggregate offering price of up to $100 million. The Sales Agreement, effective as of March 31, 2026, enables the Company to sell shares at market prices through the Sales Agent, who will use commercially reasonable efforts to execute the sales based on the Company's instructions. The Company is not obligated to sell any shares under this agreement, providing flexibility in its capital-raising strategy. The Sales Agent will receive a commission of 3% on the gross proceeds from each sale, along with reimbursement for certain expenses related to the offering. This move is seen as a strategic effort to enhance liquidity and support the Company's operational needs. The Company has also indicated that $70 million of the shares will be offered under a prospectus supplement filed with the SEC, which is part of a previously declared effective registration statement. This financing initiative is expected to provide the Company with additional capital to support its growth and operational strategies, although it may lead to some dilution of existing shares. Overall, this development is viewed positively as it opens up new avenues for funding while maintaining operational flexibility.

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