InvestmentJun 22, 2026, 04:17 PM
Cheetah Net Sells 200,000 Class B Shares to CEO for $400,000
AI Summary
Cheetah Net Supply Chain Service Inc. entered into a Securities Purchase Agreement with its Chief Executive Officer, Huan Liu, to sell 200,000 shares of Class B common stock. The shares were sold at $2.00 per share, generating aggregate gross proceeds of $400,000 for the company. This private placement transaction was approved by the Board of Directors as a related-party transaction.
Key Highlights
- Cheetah Net sold 200,000 shares of Class B common stock.
- Shares were sold to CEO, Huan Liu, at $2.00 per share.
- Aggregate gross proceeds to the company totaled $400,000.
- The transaction was a private placement, exempt from registration.
- The Board of Directors approved the transaction as a related-party deal.
Price Impact
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