Cheetah Net Establishes $100 Million ATM Equity Program

Cheetah Net Supply Chain Service, Inc. Class A ( (CTNT) ) has issued an announcement.

On March 31, 2026, Cheetah Net Supply Chain Service Inc. entered into a sales agreement with AC Sunshine Securities LLC to allow “at-the-market” offerings of up to $100 million of its Class A common stock, with no obligation to sell any shares. The sales agent will receive a 3% commission on gross proceeds, and $70 million of the capacity will be offered under an existing shelf registration and April 2, 2026 prospectus supplement, providing the company with flexible access to incremental equity capital over time.

The arrangement gives Cheetah Net a mechanism to raise funds as needed through Nasdaq or other trading venues, potentially bolstering liquidity and supporting future corporate needs without committing to a fixed-size, one-time equity issuance. The cost structure includes specified reimbursements for offering, annual maintenance, and program refresh expenses, indicating an ongoing framework for repeat use of at-the-market issuances as part of the company’s capital-raising toolkit.

The most recent analyst rating on (CTNT) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Cheetah Net Supply Chain Service, Inc. Class A stock, see the CTNT Stock Forecast page.

Spark’s Take on CTNT Stock

According to Spark, TipRanks’ AI Analyst, CTNT is a Neutral.

The score is primarily constrained by weak financial performance (sharp revenue decline and ongoing losses), only partly offset by improved deleveraging and stronger recent operating/free cash flow. Technical indicators are broadly neutral, valuation is weakened by losses and no dividend support, while recent capital-raising and structural corporate actions modestly improve financial flexibility.

To see Spark’s full report on CTNT stock, click here.

More about Cheetah Net Supply Chain Service, Inc. Class A

Cheetah Net Supply Chain Service Inc. operates in the supply chain services sector and is listed on the Nasdaq Capital Market, where it trades Class A common stock. The company’s activities involve accessing U.S. capital markets to support its business operations through registered equity offerings to public investors.

Average Trading Volume: 77,518

Technical Sentiment Signal: Hold

Current Market Cap: $54.6M

For an in-depth examination of CTNT stock, go to TipRanks’ Overview page.