SplitSep 23, 2026, 09:08 AM
Cheetah Net Completes 1-for-150 Reverse Stock Split
AI Summary
Cheetah Net Supply Chain Service Inc. has completed a 1-for-150 reverse stock split, effective September 21, 2026. This action consolidates outstanding shares to comply with listing requirements or improve marketability. The company's Class A common stock is expected to trade on a post-split basis on Nasdaq starting September 28, 2026, under the same ticker symbol 'CTNT' but with a new CUSIP number. Adjustments were also made to the company's stock incentive plan.
Key Highlights
- Cheetah Net Supply Chain Service Inc. completed a 1-for-150 reverse stock split.
- The reverse stock split became effective on September 21, 2026.
- Approximately 199,805,935 Class A shares and 203,456 Class B shares were outstanding pre-split.
- Post-split, approximately 1,332,040 Class A shares and 1,357 Class B shares are outstanding.
- Fractional shares were rounded up to the nearest whole share.
Price Impact
More from CTNT