Jun. 25 at 8:12 PM
$CTNT On June 16, 2026, Cheetah Net Supply Chain Service Inc. received written consent from majority stockholders FAIRVIEW EASTERN INTERNATIONAL HOLDINGS LIMITED and CEO Huan Liu, collectively holding 50.80% voting power, approving one or more reverse stock splits at ratios up to 1-for-2,000 within 18 months. The Board retains discretion to determine exact timing and ratios. No stockholder meeting will be held as majority approval has been obtained.
The primary purpose is to increase Class A Common Stock's per-share price to maintain Nasdaq Capital Market's
$1.00 minimum bid price requirement, enhance investor interest, and support employee retention. As of the Record Date, 2,955,935 Class A shares and 203,456 Class B shares were outstanding. At maximum 1-for-2,000 ratio, outstanding Class A shares would reduce to approximately 1,478 shares while authorized shares remain at 2 billion.
